Beschrijving
Whether buying a chilled coconut at the beach or paying rent, Brazil's free Pix system has become the dominant way of making payments in Latin America's largest economy, with just a smartphone required.
The United States argues that the payment system, launched in 2020 by the central bank, amounts to unfair competition and hurts US credit card companies.
Meanwhile Brazil believes that Washington sees Pix and other such payment systems as a potential threat to the international dominance of the dollar.