this post was submitted on 01 Jun 2026
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Without having watched the video, but having an idea of what it's about given seeing a few places and creators I follow being sanctioned because the payment processors getting butthurt, I think it's worth mentioning crypto and direct competitors to the Visa and Mastercard mono(duo?)poly.
On crypto, if issue is that it burns too much energy, afaik generally new technologies are like that, improvements to consumption happening over time.
And about direct competitors, Russia made one from what I read, Brazil has Elo, and I think the EU was introducing their own recently. All 3 countries/country-like territories with their own problems, but I think it's a worth idea to copy and improve upon.
Also fomenting use of physical cash is a good idea too, me thinks.
I think you're confusing Elo (just a local company) with Pix, a government created interbank payment system. And from what I know of Pix, yes, we should all definitely copy that.
Elo the "bandeira" (forgot the name), similar to Visa and Mastercard. But about Pix, now that you mention it, I think PayPal does too? Although not in some countries.
Pix has no taxing whatsoever in direct transactions. The only reason people still use cards is due to habit.
Banks also offer parceling payment, but each one does that on it's own way afaik. I never used it. Not leaving payments for the future is a load of my mind tbh.