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Visa and MasterCard are shaking in their boots and will scratch and bite on their way down to kill anything like this in the US.


This has already started with Trump's tariffs: https://valorinternational.globo.com/foreign-affairs/news/20...

> While the system is not named directly, a document from the Office of the United States Trade Representative (USTR) says that “Brazil also appears to engage in a number of unfair practices with respect to electronic payment services, including but not limited to advantaging its government-developed electronic payment services.”

I'd be surprised if there aren't big tech/credit card companies lobbying behind this.


Earlier this week, Brazil VP Geraldo Alckmin (who is also a Development, Industry, Trade and Services Minister) meet to talk about tariffs with several big tech executives and also a "big tech" lobbyist. Worth to point out that.... Visa was there.

- Igor Luna, Legal Consultant of the Brazilian Digital Economy Chamber

- Nuno Lopes Alves, General Director of Visa

- Gustavo Lage Noman, Vice President of Government Affairs at Visa

- Márcia Miya, Government Affairs Manager at Apple

- Gustavo Dias, Head of Legal and Institutional Relations Latin America

- Yana Dumaresq, Director of Public Policy at Meta

- Daniel Arbix, Legal Director at Google

Igor Luna were doing heavy lobby against social network regulation that happened.




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