The Picnic Card uses the on-chain dollar: close to the commercial rate, with no hidden fees, completely transparent.
The so-called “commercial dollar” reported in the media is just a reference index.
This rate is not directly accessible to individuals.
When trying to buy dollars at banks or exchange offices, there are always spreads, administrative fees, and IOF (a Brazilian tax) applied, making the final amount considerably more expensive than the reported number.
What exchange rate does Picnic use?
- The Picnic Card uses the so-called on-chain dollar.
- This rate is formed on blockchain networks, through the trading of stablecoins and decentralized liquidity.
- The on-chain dollar is usually very close to the commercial dollar, but not exactly the same.
- The main advantage: there are no hidden fees. The amount you see is exactly the amount charged, with no additional spreads applied later.
- At Picnic, there are no “surprises”:
- There are no intermediaries.
Practical example
- Reported commercial dollar: R$ 5.00.
- Common bank/exchange: R$ 5.20 to R$ 5.30 (with fees included).
- Picnic (on-chain rate visible at the time): R$ 5.07 → and this is the final amount, no surprises.
Practical summary
Picnic does not promise the “Google commercial dollar,” because this rate is not practically accessible to the user.
The Picnic Card uses the on-chain dollar: close to the commercial rate, with no hidden fees, completely transparent.