In this case, maybe. But it's not the only option. The old payment system was a bit more private, as payments went through commercial banks and one needed a court order to access transaction history. According to The Economists' article the instant payment system in other countries adopts a similar scheme, which is more private than Brazil's, and which could have been adopted here too. Also, there exists technology today enabling private micro-transactions, such as Monero. But governments - including Brazil's - prevent exchanges to offer it. Europe is no different.[1] One may argue this prevents abuse, which may be true, but it also prevents financial privacy.
