The Central Bank of Brazil has offered details about the advancements that it has made regarding its CBDC project, the digital real.
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency , the digital real. Roberto Campos Neto, president of the bank, also stated that this new test will include a fixed supply of the mentioned token, and detailed this pilot will be executed during the last six months of this year.about the advancements it has made regarding its CBDC project, the digital real.
This project should have some kind of pilot in the second half of the year.Campos Neto also gave hints about the way in which this currency will be used, saying it will be linked to the reserve transference system, a kind of fiat-based payments system. With this pilot program, Brazil could advance to the vanguard of countries that have CBDC programs in South America.Campos Neto also offered his take regarding the state of the cryptocurrency market in Brazil.
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