4 ms·
Brazilian here. We had a three-to-four-digit annual inflation rates that last 14 years, from 1980 to 1994 (and it topped 5000% on the last year). Almost everyon
by felipelemos 9y ago
Brazilian here. We had a three-to-four-digit annual inflation rates that last 14 years, from 1980 to 1994 (and it topped 5000% on the last year).
Almost everyone uses debit or credit card nowadays. Even transport cards machines, taxis, small vendors, food trucks accepts credit cards.
Usually I only carry cash for some emergency to the point I don't even remember how much I left on my wallet.
- lanevorockz 9y agoTo be fair, in Brazil we usually prefer cards because of the risk of being robbed.
- mrisoli 9y agoTrue, Uber's decision of allowing cash payments in Brazil(because a lot of people can't get a credit card approved) was met with a very negative drivers' response due to increased robbery risks.
- mrisoli 9y agoFellow Brazilian here and I don't carry a lot of cash with me because that was how I was raised, mostly my parents taught me to be scared of being robbed with a lot of money. Even though I am not living in Brazil ATM I still act like this. Plus fraud is becoming rarer with chip credit cards(and apps which allow you to lock your card much faster in the case of theft), while counterfeit bills are also harder to reproduce these days you can still find some.