The US economist and winner of the 2008 Nobel Prize of Economics, Paul Krugman, published on Tuesday (22) article on the site in which the Brazilian payment system praises. With the title Did Brazil invented the future of money? And will it come to the US?Krugman points to resistance in the United States to adopt a system similar to the Brazilian and tells the success that Pix makes in Brazil.
The text was released at a time when the president of the United States, Donald Trump, criticized the pix stating that the electronic payment mode harms US companies of receipt.
Krugman, talking about the advantages of PIX, points out that the United States Parliament approved a bill from preventing the Federal from reserve (US Central Bank) from creating digital currency, somehow analogous to the Brazilian system.
The Laureado Economist still makes a provocation, citing that Brazil would be different from the United States with regard to institutions and economic policy issues: “Most people probably do not consider Brazil a leader in financial innovation. But Brazil’s political economy is clearly very different from ours-for example, they really take ex-presidents who try to nullify elections to trial. They seem to have much less influence there. ”
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Krugman points out that the Brazilian Pix has low cost, liquid operations in three seconds, on average, “against two days for debit cards and 28 days for credit cards”. And also that the cost of a payment transaction by the Brazilian system for companies and traders is 0.33% of the value of the transaction against 1.13% for debit cards and 2.34% for credit.
The article also cites the acceptance that the pix had from Brazilians, used by 90% of the population, He concludes: “Other nations can learn from Brazil’s success in developing a digital payment system. But the US will probably remain stuck with a combination of personal interests and criptocytee fantasies.”
