Post #2175684

Brazil's government-run Pix payment system is trouncing Visa and Mastercard by offering instant payments that are mostly free. But Visa and Mastercard have the ear of Donald Trump ... https://www.elciudadano.com/en/brazils-pix-payment-system-faces-pressure-from-visa-and-mastercard/04/04/ In essence, the case being made by Visa and Mastercard is that socialism should be illegal. 'In September 2025, the Trump administration openly supported Visa and Mastercard, with the U.S. Trade Representative (USTR) launching a formal investigation into Pix, claiming it creates an “unfair competitive disadvantage” for U.S. firms in the sector. A White House report from April 2026 once again highlighted Pix as a “detrimental system for global credit card companies”.'