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by cesarb
39 days ago
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The reason Pix needs a Brazilian bank account, is that at its core, it's just a bank transfer mechanism, like the older TED or DOC. Pix sends money from one bank account to another bank account. The main novelties are being instant, working 24h per day, and being able to use keys like a phone number or email as destinations (the Brazilian Central Bank has a central database which maps these keys to the bank account numbers). |
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