All Government Is a Tech Company Now (And This Is Not Going Away)
Brazil's Central Bank, the Banco Central do Brasil (BCB), is responsible for Pix. It is the country's instant payment rail, launched in November 2020, that reduced peer-to-peer transaction costs to zero and processed R$ 26.5 trillion in 2024 alone, a 54% increase over the prior year, across 63 billion transactions. Pix now moves more volume annually than Visa and Mastercard combined. It runs 24 hours a day, seven days a week. And it is operated and supervised by an institution that, between 2009...Digital public infrastructure·Pinned
