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A comment on Brazil Suspends WhatsApp Payments. Parent comment

Re:Brazil Suspends WhatsApp Payments by victords on Wednesday June 24, 2020 @05:50AM (#23626047)
That's quite a jump to conclusion... I don't think that the issue here is Brazil's position on capitalism or innovation, there are other companies providing similar services there.

The issue seems to be a juggernaut company like Facebook, with all the flaws that it has, trying to enter the payment sector of a developing country without regulation or notice.

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Re:Brazil Suspends WhatsApp Payments by f00zz on Wednesday June 24, 2020 @06:14AM (#23626201)
> a juggernaut company like Facebook

More likely Brazil's central bank doesn't want competition with its own payment system (Pix).

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Re:Brazil Suspends WhatsApp Payments by m1aw on Thursday June 25, 2020 @04:20AM (#23638162)
But there's also other companies/services like Picpay and stuff right?
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Re:Brazil Suspends WhatsApp Payments by rescbr on Thursday June 25, 2020 @08:17AM (#23639759)
There are, and they are registered as payment processors or e-wallets. Facebook isn't.
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Re:Brazil Suspends WhatsApp Payments by Anarch157a on Thursday June 25, 2020 @08:35AM (#23639931)
The Central Bank wants a system that's interoperable, so in certain ways, Pix promotes competition.
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Re:Brazil Suspends WhatsApp Payments by Dacod on Wednesday June 24, 2020 @06:15AM (#23626204)
Honestly! It kind of reminds me of Marc Andreessen's "Anti-colonialism has been economically catastrophic for the Indian people for decades. Why stop now?” comment.
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Re:Brazil Suspends WhatsApp Payments by Synaesthesia on Thursday June 25, 2020 @09:03AM (#23640204)
It’s working out for China somehow though ..
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