[kspacewalk2]

Another advantage is anti-fraud measures and remedy (chargebacks). This (BTW clearly AI-generated) article mentions some fraud thing they're working on (Special Refund Mechanism), so we'll see how long it takes for that to take effect.

For now, I'll be using our Canadian not-quite-Pix called Interac to pay small amounts of money to people I trust, but I won't any time soon be buying a fridge with it, or booking a week-long cottage stay on a website I've never used before.

[skeeter2020]

Canadian here who's not familiar with Pix; is Interac a pretty close comparable? If so, it's not the end-all answer for exchanging money for goods & services, but great in a small subset of transactions.

[kspacewalk2]

It's not run by a central bank and not mandated, but it "organically" became standard for banks and many vendors to support it. I hope they find a good way to combat fraud and the fee differential will make it more frequent for vendors to offer a discount for cash/Interac (or an extra charge for credit cards). It used to be common, then got banned, and is now allowed but uncommon. I for one don't really want to use an American credit card, but the fact that I get 1.5% cash back and fraud protection is a fairly strong incentive.