Pix is dominating & reshaping Brazil's payment landscape 🚀🇧🇷; Ethereum's Dencun upgrade: a seismic shift towards scalability & affordability ♢♦️; Revolut's valuation takes a massive hit 😳📉

FinTech is Eating the World, 12 March

Hey Everyone,

Happy Tuesday! Today’s issue is the best one yet as we’re looking at Pix which is dominating & reshaping Brazil's payment landscape (how Pix became such a success story & what’s next + a bonus deep dive into Nubank), Ethereum's Dencun upgrade (what it’s all about & why it’s a pivotal moment for Ether + some more bonus reads inside), and Revolut whose valuation just took a massive hit amid endless licensing delays (what’s happening + some bonus dives into Revolut & their numbers). Let’s jump straight into the interesting stuff 🌶

Pix is dominating and reshaping Brazil's payment landscape 🚀🇧🇷

Following the money 💸 If you’re at least partially following what’s happening in LatAm’s FinTech space, you probably have heard about Brazil's Pix, an instant payment system that has taken the country by storm since its launch by the central bank in late 2020.

Originally designed to modernize and accelerate money transfers, Pix has rapidly become the predominant payment method in Latin America's largest economy.

Let’s take a quick look at this to see how Pix became such a success story and what lies ahead.