I'm Brazilian and Pix is great. No reason to use anything else. Our government is terrible, but our central bank is actually quite competent. Credit to where it's due.
It's not a credit line so it has all the disadvantages of debit cards. It's also fully government controlled which is just stupid especially in a country like Brazil which has a known history of abuse of power with good and bad intentions.
There are numerous reasons to prefer physical cash to all other forms of money but nobody cares because pix is easy and convenient. I bet people will suddenly start caring a lot when they finally start taxing it. By then it will be too late since it will be too entrenched in our society to use anything else.
> Our government is terrible, but our central bank is actually quite competent. Credit to where it's due.
I agree. The cause of the greatness apparently is apparently its autonomous nature. Somehow it manages to avoid answering to the rest of the government. Central bank setting high interest rates despite extreme political pressure is probably the only reason this country is still afloat.
Pix is so well designed and nice to use that sometimes I wonder how it exists. It’s one of those futuristic things we could only dream about a few years ago.
You seem to be conflating the two. :)
There is no tax for Pix transactions. Some banks may charge a fee from businesses.
Are you talking about the existing B2B fees that some banks choose to waiver, or are you talking about a hypothetical future tax on pix transactions?
CPMF was (allegedly) created as a token for customs and the central bank to monitor financial transactions. With Pix they have that "out of the box" so it would be harder to justify.
Anyway, many banks don't charge fees on Pix for business accounts, which they could, due to competition. Also, for small, individual merchants/professionals (“MEI”, in Brazilian lingo), Pix is entirely free (from fees and taxes).
That's why the sibling thread wasn't making much sense to me. :P
I should learn to check usernames before responding.