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That's quite a jump to conclusion... I don't think that the issue here is Brazil's position on capitalism or innovation, there are other companies providing sim
by victords 6y ago
That's quite a jump to conclusion... I don't think that the issue here is Brazil's position on capitalism or innovation, there are other companies providing similar services there.
The issue seems to be a juggernaut company like Facebook, with all the flaws that it has, trying to enter the payment sector of a developing country without regulation or notice.
- f00zz 6y ago> a juggernaut company like Facebook More likely Brazil's central bank doesn't want competition with its own payment system (Pix).
- m1aw 6y agoBut there's also other companies/services like Picpay and stuff right?
- rescbr 6y agoThere are, and they are registered as payment processors or e-wallets. Facebook isn't.
- Anarch157a 6y agoThe Central Bank wants a system that's interoperable, so in certain ways, Pix promotes competition.
- Dacod 6y agoHonestly! It kind of reminds me of Marc Andreessen's "Anti-colonialism has been economically catastrophic for the Indian people for decades. Why stop now?” comment.
- Synaesthesia 6y agoIt’s working out for China somehow though ..