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Pix proposition is very valuable for governments, as it is the best way of controlling transactions, inside the country and cross-border. To you second point,
by dakial1 2y ago
Pix proposition is very valuable for governments, as it is the best way of controlling transactions, inside the country and cross-border.
To you second point, I think the pix penetration/popularity proves that the majority of the people trust the government for that. There are 2 key reasons for its success: It was mandatory for Banks to adhere to the system and there are no fees for using it.
Once multiple countries have their own PIX, they just need to build a federation structure to connect them and allow cross-border transactions.
Crypto-currencies have their place with people who don't trust the government, want to speculate and/or simply want to do tax evasion, but they are not and probably never will be mainstream as a transaction medium.
- ethbr1 2y agoiTunes / Steam vs piracy is relevant here. Most people want something that works well in the ways they care about. People turned to piracy because it was a superior experience to the then-distribution-models. Then, the majority of people didn't care that iTunes / Steam cost money and had DRM, because it provided a superior experience to piracy. People want an outcome, easily, reliably: they don't care about the method of getting that outcome.
- rat87 2y agoCash is arguably more secure and likely less traceable and easier to use if you don't trust governments. I don't see much use case for crypto other then illegal activities (although possibly not always immoral)
- fakedang 2y ago> Once multiple countries have their own PIX, they just need to build a federation structure to connect them and allow cross-border transactions. To add to this, this is already happening. For example, you can already pay in the Middle East with India's UPI at quite a lot of places, or with China's Alipay or Unionpay.
- HPsquared 2y agoFor federation, the hard part isn't building the system but building the required trust between the different states and getting it all set up legally somehow.