Brazil's beloved instant payment system faces scrutiny from the Trump administration (apnews.com)
from throws_lemy@lemmy.nz to world@lemmy.world on 13 May 16:10
https://lemmy.nz/post/37579310

U.S. government claims of unfair trade practices for bypassing traditional credit networks like Visa and Mastercard.

#world

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marcos@lemmy.world on 13 May 16:58 next collapse

Lol! Not even the English-speaking media is caring to pretend the US has any reason to look.

They even got into the trap of asking a Brazilian what he thinks of the “fraud risk” thing English-speakers talk so much about…

venusaur@lemmy.world on 13 May 17:06 next collapse

Then those companies can leave Brazil. What happened to free market?

throws_lemy@lemmy.nz on 14 May 03:09 collapse

In general, the U.S. govt will impose higher tariffs on your products. Or cut off funding for infrastructure or humanitarian projects.

venusaur@lemmy.world on 14 May 03:19 collapse

The United Mafia of America

umbrella@lemmy.ml on 13 May 17:24 next collapse

that’s what US imperialism looks like most of the time, under threat of bombs and sanctions.

not a trump thing at all either. it’s an US thing.

stoly@lemmy.world on 13 May 22:48 collapse

if it helps, the US is imperialistic towards its own citizens

_haha_oh_wow_@sh.itjust.works on 13 May 19:16 next collapse

Well that doesn’t sound very “free market”…

gedaliyah@lemmy.world on 13 May 20:24 next collapse

A better question is why the US can’t figure out this kind of payment system. Isn’t Trump supposed to be the crypto President?

Tar_alcaran@sh.itjust.works on 13 May 21:14 collapse

It’s very hard to figure out a solution when you directly profit from workarounds

Peruvian_Skies@sh.itjust.works on 13 May 20:30 next collapse

PIX is awesome. Fuck credit card fees.

SolarMyth@aussie.zone on 13 May 23:38 next collapse

Help! We can’t extract wealth from Brazil! It’s unfair!

Vandalismo@lemmy.world on 14 May 01:58 collapse

I dream of seeing american politicians starving