[xinayder]

I'd much rather let the Central Bank handle my instant payments, than Meta.

[afarah1]

So do most Brazilians, as today that choice is available. It's interesting how being the first to launch contributed to that preference, regardless of the widespread usage of WhatsApp. There are other interesting factors to consider. For example, a lot of people had WhatsApp but no bank account. As mentioned in The Economist's article there have been changes to the banking sector brought by Pix as well. Anyway, an interesting case study, and that's why I mentioned it.

[djrj477dhsnv]

Why? Your own government can do a whole lot more to you than a foreign corporation.

[dyingkneepad]

Well, I can vote so that the thing my government does to me is something I want.

The foreign corporation will always be exclusively interested in doing things to me that generate revenue for them.

[djrj477dhsnv]

> Well, I can vote so that the thing my government does to me is something I want.

You better hope that your interests closely align with those of millions of your compatriots.

And that no one with political power has a personal vendetta against you.

[Vilian]

>You better hope that your interests closely align with those of millions of your compatriots.

corporation NEVER has my interests in mind, so coordinating millions is easier

>And that no one with political power has a personal vendetta against you.

same argument can be used with corporations

[djrj477dhsnv]

Those points are true, but a private corporation can't take away my life, liberty, or property under the threat of violence.

[q3k]

> [the government can] take away my life, liberty, or property under the threat of violence.

I do not envy your life situation if this is something that you have to genuinely worry about.

[GuinansEyebrows]

Blackwater?