this post was submitted on 10 Feb 2026
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353
Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun (europeanbusinessmagazine.com)
submitted 3 hours ago by Beep@lemmus.org to c/technology@lemmy.world
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[–] eager_eagle@lemmy.world 15 points 1 hour ago* (last edited 1 hour ago) (1 children)

reminds me when Brazil launched their Pix payment system nationwide, which is free for individuals, and the US launched an investigation into unfair trading

potential unfair advantaging of Brazilian payment services over US competitors was cited

Brazilian President Luiz Inácio Lula da Silva has accused US president Donald Trump of being "bothered by Pix" because it "will put an end to credit cards"

lol get rekt

[–] trolololol@lemmy.world 3 points 28 minutes ago

Against what? Against consumers that don't need to pay fees? Against the Brazilian government who is behind the pix?

Poor US companies with billionaires yatches bills to be paid.