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Brazilian central bank turns to private companies to develop digital real

07RIO DE JANEIRO, BRAZIL - After receiving nearly 50 project proposals from companies in Brazil, Germany, the U.S., Israel, Mexico, Portugal, the U.K., and Sweden, the Brazilian central bank has selected its new partners to work on a digital real (CBDC).

The nine partners include decentralized financial platform (DeFi) Aave, Brazil-based digital asset exchange Mercado Bitcoin, and renowned banks Santander Brasil and Itaú Unibanco.

NINE PROJECTS WILL OPERATE IN THE BRAZILIAN DIGITAL REAL

While the remaining projects were not mentioned, the LIFT Challenge website revealed the rest of the list, as reported by CryptoBriefing. The partners include Brazilian . . .

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