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International Pix: Check out 11 answers about the global financial transfer system

Speed, zero cost to the consumer, and practicality - these three qualities explain the adhesion of millions of Brazilians to Pix - an instant payment system launched almost two years ago.

A similar initiative wants to take this payment experience to different places around the globe.

The initiative has been named Nexus and is under the Bank for International Settlements (BIS) umbrella, an institution known as the "Central Bank of central banks".

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