I wouldn't object to standardized banking software in that case.
Iirc, it is now legally mandated to perform instant transfers but some banks are slow to implement this feature. I have an account in one of German neobanks, where it’s basically 4 steps: Face ID, click transfer, paste IBAN and enter the name, enter amount, and the recipient gets push notification from their bank within a few seconds.
It's getting there. Some of my transfers are instant now.
Apparently someone decided they'll fix the existing system instead of creating a whole new system with a fancy name.
However, your description of Pix still doesn't explain the ---coin fetish in the original article.
I think the approach created by Pix is probably better to be honest. Yes, I know that some IBAN-to-IBAN is instantaneous, but since this depends on both banks supporting it and also this is not always clear that it is instantaneous (I think at least when I used N26 the way they advertised this feature the wording wasn't clear if it was guarantee that the transfer was instantanous or not).
Pix is not. Everyone in Brazil knows that it is fast, so if you don't get a notification that you received the money there is probably something wrong (it is really easy to forge a receipt showing that you "paid" something). Especially for a country that has lots of issues with scams, it is really important that the system is reliable so people can trust the system.
> However, your description of Pix still doesn't explain the ---coin fetish in the original article.
I wasn't trying to, I didn't even read the article to be honest. I was just trying to clarify why the Pix experience is different from IBAN-to-IBAN, even if in concept they're the same.
This is huge because it allows for all kind of use cases that it is not really possible with IBAN. For example, I just bought 3Dmark to test my new PC in Epic Games store using Pix, and my transaction was authorized almost as fast as if I had used a credit card. People in Brazil use Pix in day-to-day transactions like you would do with physical cash, so Pix also reduces the friction if you just want to start a side hustle (e.g., instead of accepting just cash or going through the trouble of getting a payment terminal, you can accept either cash or Pix and almost everyone is happy).