Brazilian Central Bank launches PIX, new system for Instant payments

Source:Brazilian Central Bank

The Federal Government plans to launch the Pix platform later this year, with financial solutions for public and private institutions and also for individuals.

According to the Government representative, it would be a response to Bitcoin, and other cryptography as financial solutions, as well as it would not see problems in Pix's integration with them.

In practice, at first, TED's and DOC's would end, being able to carry out financial transactions at any time, practically instantaneous. However, it is only a first part of what this new technology represents.

It is software that will map all financial transactions, which uses the advancement of blockchain solutions as a subterfuge, but does not deliver the basic understanding of what was intended to be the financial decentralization that Bitcoin represents.

In this sense, it would not be a response to Bitcoin, as representatives of the Brazilian government say, as evidenced by the lack of understanding of blockchain technology and the decentralization that this technological moment proposes.

Of course, Pix will bring a series of facilities and solutions, from the banks to the common citizen. But all under the eyes of a government hungry for taxes.

A fully centralized system, which uses the premises of decentralization and technological evolution. A paradox that we always find ourselves, after all, crypto exchanges are already bigger than many traditional banks around the world.

“Pix came from a need for people to have a payment instrument that is both cheap, fast, transparent and secure. If we think about what has happened in terms of the creation of bitcoins, cryptocurrencies and other encrypted assets, it comes from the need to have an instrument with such characteristics ” - Roberto Campos Neto - President of the Central Bank

For now it has not been announced that Pix will have its own token, or use the brazilian currency (Real - R$).

Pix still in the registration phase. Registrations direct ou offered by partners, such as large banks such as Itau and Santander:

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Source:Distrito

Synthesize: Pix is a package of digital financial solutions, which uses peer-to-peer to integrate citizens into the market, and the market to the market itself, under the eyes of the Brazilian State. Consequences?

Waiting for next steps...

Matheus Guimarães
https://linktr.ee/matheusggr

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