Can Europe escape US cost dominance? | DW News
Brazil’s Pix transformed the country’s payments system in just five years, becoming the most widely used way to transfer money. It’s fast, cheap and has become a source of national pride. But its success has also drawn criticism from the Trump administration, raising questions about who controls the future of digital payments.
Host Kassandra speaks with DW Brazil’s Iolanda Paz, ECB digital euro pilot lead Sebastian Siepen, and banking expert Dharmesh Mistry about what Europe can learn from Brazil’s experience. They discuss whether the digital euro could reduce dependence on US payment platforms, what digital sovereignty actually means, and how digital money could change the way we pay, save and spend.
YouTube Chapters
0:00 Why everyone’s talking about Brazil’s Pix
7:23 What is the digital euro?
09:49 How do digital currencies actually work?
12:35 How does the digital Euro impact businesses?
14:50 It’s about digital sovereignty and dollar dominance
15:22 Why Europe can’t just build another Pix
19:34 Are private banks afraid of the digital euro?
22:25 When could Europeans start using it?
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