Comment by ElisaChemy

“Brazil back in 2020 it introduced Pix, a digital payment system run by the central bank. As I understand it, Pix is sort of like a publicly run version of Zelle, the payment system operated by a consortium of U.S. private banks. But Pix is much easier to use. And while Zelle is big, Pix has become simply huge, used by a reported 93 percent of Brazilian adults.” I was unaware of how popular and widespread Pix’s adoption was. Similar ideas were planned and implemented in other parts of the world long before PIX, so they did have a good reference like the RIX payment system in Sweden and FAST in Singapore. It’s good that the Brazilian Central Bank took a proactive approach.