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Comment by rsaesha

There is an option: a direct payment system provided by the Central Bank to the general public.

In Brazil it is called PIX, and was implemented in 2020. Last month it has processed more than 3 million operations.

Works 24/7, 0 fees to end users, low cost for business. IMO, going cashless is not an "if", it is a "when".

https://www.bcb.gov.br/en/financialstability/pix_en

parent rsaesha 3 years ago

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