Uncategorized
BC says credit cards will cease to exist by 2024
Advertisement
The president of the Central Bank, Roberto Campos Neto, said that the credit card will be abolished soon. He said open finance, the way customers make their data available to different institutions, should speed up the process. This eliminates the need for multiple banking apps.
New payment methods replace credit cards
He predicts that by 2024 a digital currency will be available in which each person will have an integrating application that takes care of their virtual and physical financial life in the same place, no longer requiring a credit card. Furthermore, he highlighted that Pix is already requesting and solving many problems related to payments, including offering users to make purchases using credit.
Campos Neto also spoke about possible regulation of cryptocurrencies in Brazil so that there is more transparency in the way they are settled, created and traded. We need to make sure people know what they are buying.
The task of regulatory authorities is transparency. It shouldn't go into the field of think this product is good for you or not, I think it's anti-innovation thinking. People must decide whether they are good at information or not, said Campos Neto.
See too:
About the author / Tiago Menger
Trending Topics
iOS 17: When will the new system reach Apple devices?
The new iOS 17 was presented by Apple during WWDC 2023, on June 5th. Find out when the new system arrives on Apple devices.
Keep ReadingPIS/PASEP: Caixa releases extra from R$ 101 to R$ 1,212; See how to make the inquiry
More than 1 million workers can withdraw up to R$ 1,212 from PIS/PASEP in 2022. Caixa Econômica Federal released it last Monday, the 17th.
Keep ReadingYou may also like
INSS starts paying pensions for those who receive up to R$ 7,507 in February
Payments for the month of January for INSS policyholders who receive more than one salary began to be transferred on February 1st.
Keep ReadingIncome Tax 2023: Find out how to consult and who can receive the 1st batch of refund
According to the Federal Revenue, consultation of the 1st batch of Income Tax refunds in 2023 will be available until May 24th. Look.
Keep Reading