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Brazil’s Pix Payment System Gains Traction as De-Dollarization Tool, Challenging US Dominance
Brazil’s Pix Payment System Gains Traction as De-Dollarization Tool, Challenging US Dominance
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BTCCSquare news:
Brazil's central bank-operated payment system Pix is emerging as a quiet disruptor in global finance, processing $450 billion in transactions last quarter alone. The real-time settlement platform has achieved 76% adoption among Brazilian consumers, denting the hegemony of US credit card networks and dollar-based remittances.
Diplomat Philip Yang notes the system's strategic importance as trade tensions escalate. Pix allows Brazilians abroad to bypass dollar conversions entirely when sending funds home, creating what analysts describe as a prototype for regional currency autonomy. The platform's 2025 acceleration suggests developing economies are building infrastructure to reduce exposure to dollar volatility.
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