Gurley criticizes Trump administration investigating Brazil's PIX for undercutting Visa and Apple.
“As part of its aggressive economic and political campaign against Brazil is investigating PICS, accusing the payment system of unfairly utter undercutting US financial and technology companies like Visa and Apple.”
Gurley calls investigation of Brazil's PIX for undercutting Visa absurd given Visa and Mastercard's record operating incomes.
“I mean, that's the most absurd thing I've ever heard. Undercutting Visa? Like, do do they realize they have Visa and Mastercard have, like, the top two operating incomes in the history of American business?”