Tech

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.

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