Why Brazil’s public instant payment system became so popular — and what that means for crypto
Quick Take
- Brazil’s central bank recently revealed new data pertaining to its real-time payment system, called Pix, which show the platform taking off.
- Now the bank is trying to make sense of the simultaneously rising demand for crypto — not for payments but as an investment class.
New data show that Brazil's state-backed digital payments platform, Pix, is quickly growing in popularity. Where does that leave crypto?
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