🇧🇷 Brazil’s Pix payment system now processes more transactions than Visa and Mastercard combined 🤯
According to Banco Central do Brasil, Pix handled 224+ million transactions in a single day, overtaking the combined domestic volumes of Visa and Mastercard.
Let’s put that into context.
Pix launched in November 2020.
In under five years, it became the default payment method for more than 150 million Brazilians, roughly 70% (❗️) of the population.
It’s:
• Instant
• 24/7
• Free for consumers
• Near-zero cost for merchants
• Mandatory for large banks
That combination changed everything.
For decades, Brazil’s merchants paid 2–5% per card transaction.
Pix removed most of that friction overnight.
For a street vendor in Recife or a small business in São Paulo, the math became obvious.
But this isn’t just about transaction volume.
Pix brought an estimated 71 million unbanked or underbanked Brazilians into the digital economy. That’s one of the largest financial inclusion shifts in modern history.
And strategically, this is even bigger:
A government-built rail is directly competing with — and outscaling — private global card networks.
This raises a fundamental question for the global payments ecosystem:
If public, low-cost, interoperable infrastructure can scale this fast…
what does that mean for the long-term economics of interchange?
Brazil may not just have built a payment system.
It may have built a blueprint.
Together with 🇮🇳 India’s UPI, this might be the most successful payments story of the past decade.
What do you think? Will more central banks follow this path?
Meus amigos, precisamos falar sobre esse show que aconteceu ontem em Brasília.
Não é só sobre presença ou grito mais alto (flamenguistas cantaram MUITO também).
O ponto é que a torcida do Corinthians colocou em prática uma organização que eu nunca tinha visto antes num estádio, ainda mais como “visitante”.
- Bandeiras tremulando do minuto 10 ao 25.
- Recepção no segundo tempo com papéis picados.
- Aos 30 do 2T tiras de papel arremessadas no gramado.
- Poropopó unindo até a numerada.
Arquibancada unida, torcidas numa só voz. Foi histórico.
Só finais, mata-mata, são capazes de eternizar momentos como esse
Daqui 30 anos, o drible do Breno Biden estará vivo na mente de todo corintiano como se tivesse acontecido ontem
AOC: Trump has been saying the economy is booming, but it’s really only seven tech companies. They’re driving this growth in just one sector: AI.
So the entire economic growth can be tracked down to seven companies and their AI expansion. Forty percent of economic growth is attributed to these companies alone, and 80% of stock gains this year came from AI companies.
People are justifying these levels of investment because of the promises CEOs make — that there will be a return on that investment. For a company like OpenAI, their valuation is based on the expectation that they’re going to figure out how to make a profit off this, and they haven’t.
Generating this increased human dependency that can be mined — people’s deepest fears, emotional content — can all be mined for this empty promise that we’re getting from these companies in the pursuit of profit.
The reason I bring all of this up is that the exposure to this industry and this investment, I fear, has reached broad levels of the American economy. We’re talking about 40% of growth being attributed to that sector alone, and it has not turned a profit. We’re talking about a massive economic bubble. Depending on the exposure of that bubble, we could be facing 2008-style threats to economic stability.
See all of my photos + order prints from today's stunning evening launch of Starship Flight 11, the final flight of the V2 era ahead of future V3 flights from Starbase → https://t.co/K4IpYB5Eeu
11/11 on capturing all flight tests thus far. See photos from all of them above!
Will give away some bundles of Starship prints to a few users who repost the quoted post below. Good luck!
Thank you for your support as I endeavor to capture the most exciting moments from this great new era in spaceflight.
To be clear:
1.) This is NOT an annual fee. It’s a one-time fee that applies only to the petition.
2.) Those who already hold H-1B visas and are currently outside of the country right now will NOT be charged $100,000 to re-enter.
H-1B visa holders can leave and re-enter the country to the same extent as they normally would; whatever ability they have to do that is not impacted by yesterday’s proclamation.
3.) This applies only to new visas, not renewals, and not current visa holders.
It will first apply in the next upcoming lottery cycle.