Tech Roundup: PIX v. Crypto

PIX, the instant payment gateway created by the Central Bank is easier to understand than the blockchain — and could steal market share from crypto

Crypto pix
Photo: Thongden Studio/Shutterstock

This week. Will PIX impede the growth of crypto in Brazil? Brazilian IoT project helps improve soybean productivity by almost 20 percent. Uber gets a “call the police” button in Rio de Janeiro.

Is PIX hurting crypto in Brazil?

Crypto has made its way to Latin America, with Bitcoin even becoming a legal tender in El Salvador, but in Brazil, the region’s biggest economy, progress has been slower. And a major roadblock to crypto becoming an everyday means of payment for Brazilians is the success of PIX, the Central Bank’s instant payment system launched in 2020.

What they are saying. According...

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