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A comment on Brazil's government-run payments system has become dominant. Parent comment

Re:Brazil's government-run payments system has become dominant by ljf on Wednesday April 09, 2025 @02:04AM (#43629320)
No they mean that a family member in the US gives them some of their own money, but records it to a family ledger. At some other point funds or value will be transferred, but it isn't transferred within the family for every payment.

Similar to https://en.m.wikipedia.org/wiki/Hawala

[ Parent | on HN ]
Re:Brazil's government-run payments system has become dominant by xeromal on Thursday April 10, 2025 @09:27PM (#43649556)
This is exactly what it is. I kind of dig it and I'm glad I know the name now
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