2025-04-08 Hacker News Top Articles and Its Summaries
1. Brazil’s government-run payments system has become dominant Total comment counts : 48 Summary In November 2020, during the COVID-19 pandemic, Brazil launched Pix, a digital payment system designed for safety and ease of use. Users can transfer money using a recipient’s national ID number, phone number, or QR code. By 2024, Pix became Brazil’s dominant payment method, surpassing cash and card transactions, with the number of transactions skyrocketing from 9 billion in 2021 to 63 billion in 2024, involving 26 trillion reais (approximately $4....