Brazil's central bank (BCB) selected 13 participants for the second phase of its central bank digital currency (CBDC) pilot, called Real Digital, focusing on innovative financial services.
In this pilot's second phase, the infrastructure tests will involve implementing financial services via smart contracts managed by third parties, indicating a step towards modernization.
Visa will collaborate with XP and Nubank to optimize Brazil's foreign exchange market, illustrating the integration of established global firms in local financial innovation.
The third quarter of 2024 will bring a new call for firms to join the Drex pilot, aiming to implement smart contracts by mid-2025.
Collection
[
|
...
]