Gate announces the launch of the PIX buying channel in Brazil, supporting users to purchase cryptocurrencies through the instant payment system PIX, with advantages such as zero fees and real-time settlement. Since its launch in 2020, PIX has covered 160 million users, which will optimize fiat on-ramp pathways and improve trading efficiency and compliance.

Foresight News现场报道，stablecoin payment platform KAST founder and CEO Raagulan Pathy introduced several product updates at the Solana Breakpoint conference, including: now supporting payments via SWIFT to over 125 countries or regions, with no fees for amounts exceeding $5000; plans to expand real-time payments to 55 countries or regions in the coming weeks using local payment channels such as Brazil's Pix and India's UPI; will launch the Savings Vault feature in collaboration with Gauntlet next week, with an approximate yield of 7%, which will support direct consumption and collateralized lending in the future; has opened the enterprise version waiting list; launched KAST.

According to Golden Finance reports, Opera's MiniPay Wallet has launched the "Pay like a local" feature, allowing users in Argentina and Brazil to use stablecoin for settlement when shopping or enjoying services through local payment systems. This feature connects USDT balance with the two payment systems, PIX and Mercado Pago, allowing users to complete payments by scanning a QR code, while USDT is instantly converted to the local currency. MiniPay plans to expand this feature to more markets and provide a two-way exchange channel between cryptocurrency and fiat currency in Latin America and Canada through partnerships. As a product launched by the browser developer Opera, MiniPay is a

PANews reported on August 28 that Brazilian encryption anti-fraud company Vaas has completed a seed round financing of 20 million reais (approximately 370 USD), led by Headline Asia, with participation from ABSeed Ventures and Honey Island Capital. The funds will be used to expand its sales department and accelerate the development of artificial intelligence solutions focused on anti-fraud. According to reports, Vaas is a Brazilian startup focused on developing technology to combat financial fraud, primarily targeting crypto asset transactions and expanding its services to fight scams related to Pix. It utilizes artificial intelligence to analyze the complete transaction history of cryptocurrency wallets to detect suspicious or unusual activities. Previously, in October 2023, it was reported that Vaas completed approximately $2 million in Pre-Seed funding, ABSee.

Roberto Campos Neto, governor of Brazil's central bank, said that Brazil passed new cryptocurrency regulations last year and created the instant payment system PIX, which has become the most popular payment system in Brazil with more than 170 million transactions a day on the PIX network this month. When it comes to the new PIX features, he said the platform is programmable, supporting automated payments, program payments, etc., adding that Brazil's credit card environment will change a lot in the next three to four years because of programmability. Campos Neto said CBDCs could ultimately speed up international transactions and increase efficiency without the need for a common currency. Roberto Campos Neto said that the Brazilian digital real "Drex" is issued through deposits, which is not only simpler and cheaper, but also inherits the "deposit regulation" rules that have been put in place and can make banks more efficient. Roberto said Drex not only facilitates payments, but also improves the contracting and registration processes used in transactions such as international real estate purchases. （The Block）

According to Carlos Thadeude Freitas, former director of BC and former chief economist of the National Chamber of Commerce (CNC) in Rio de Janeiro, Brazil, Brazil is leading the way in the design of digital currencies. He is optimistic about the agency's new initiatives. Brazil is a little ahead, he said, because not every country has a Drex, and not every country has a Pix.