A Brief Note On Peer And Peer Networks
BRASILIA Reuters - Brazil's central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such as big techs Facebook Inc and Google. Dubbed "Pix," the state-owned instant payments system allows consumers and companies to make money transfers 24 hours a day, seven days a week, without requiring debit or credit cards. It is also free of charge for individuals. Society demands something that is fast, cheap, safe, transparent and open," central bank president Roberto Campos Neto said in a virtual press conference to mark the Simplifiied.
The peer-to-peer model
As the central bank sets low prices for money transfers and payments via Pix, the regulator believes competition will increase. Itau's card processor, Rede, said on Monday it will not charge merchants using Pix for the first six months.
Last year, debit and card payments in Brazil Peer Vs Simplified As P2p 1. The platform went live at local time on Monday, and can be used to buy anything from ice cream to a car, Campos Neto said. According to the central bank, 72 million registrations have been opened for the service, by 30 million individuals and 1. Campos Neto also said the central bank is in talks with big tech players such as Google and Facebook about entering the Brazilian payments services market. I have talked a lot with their CEO, we are making good progress.
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He has told me that the process with us was faster than in other countries," Campos Neto said. Some companies have signed up to Pix to accept and offer instant payments. Uber Technologies Inc said it started to accept Pix payments, hoping to add unbanked clients. In the future, Pix will add new functionalities, such as cash-back and preprogrammed payments, which are currently offered mainly through credit cards. Burkina Faso votes amid ongoing extremist violence, threats.
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How banks lend money
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It really surprises.