[drowsspa]

Brazilian here, even beggars accept PIX, the national free electronic transfer system. You can use it to transfer to anyone else by their phone number or email, or to pay bills. Cash is getting less and less common.

I find it funny when crypto bros were claiming it was about "banking the unbanked", when it's not a problem at least in a third-world country in Brazil. Banks are obligated to open at least a very basic bank account for basically anyone.