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Story summary
- Brazil's central bank and the European Central Bank are studying linking Pix and TIPS.
- A pilot project could launch in 2028 if progress continues.
- The ECB identified Pix as a “currency corridor under exploration” for its TARGET Instant Payment Settlement platform.
- Pix now dominates real-time payments in Brazil's economy.
- Pix provides free person-to-person transfers and lower merchant transaction costs.
