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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 mmooss on Wednesday April 09, 2025 @02:08AM (#43629343)
Are you worried about the power the central bank has?

What if they deny service to or apprehend the assets of people they politically dislike? Also couldn't they crush any hope of anyone's profitable business? Could a person or business function without it? What about in ten years?

What if they track people by their transaction and built profiles of them? They could essentially make it too dangerous to do business to people who are disliked.

[ Parent | on HN ]
Re:Brazil's government-run payments system has become dominant by irusensei on Wednesday April 09, 2025 @09:28AM (#43631830)
I don’t know why you’ve been downvoted. In fact in Brazil people got their financial operations restricted for expressing their opinions on the internet. Pix is an authoritarian government wet dream.
[ Parent | on HN ]