Brazil Launches CBDC Pilot Program With Public Usage Set For 2024
Brazil’s CBDC initiative aims to enable more finanThe Central Bank of Brazil has started testing the central bank digital currency (CBDC) project, which it hopes will encourage greater participation of people in the financial industry. The coordinator of the central bank digital currency (CBDC) project at the Brazilian central bank, Fabio Araujo, reportedly told Reuters that widespread adoption of the digital real is anticipated to occur in 2024 following the conclusion of the trial.cial inclusion, with widespread use scheduled to commence in 2024. Read Full on
