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PIX— the instant payment system of the Central Bank of Brazil, has overtaken cards as the main payment method in the country's online commerce. Mercado Livre, Magazine Luiza and Lojas Renner have integrated PIX as a priority payment method. The system works around the clock, instantly and for free — in terms of functionality it is a direct analogue of the Russian SBP.

The topic of "BRICS payments without a dollar" is trending again: the allegedly launched DCMS system based on Brazilian Pix is being discussed in the crypto community. But there is a long distance between the application in the social platform and the real interstate payment circuit. We analyze what is confirmed by the sources and what it means for foreign economic activity.