Central Bank prepares digital version of Brazilian real

With the digitalized version, transactions, payments and exchange will be available through a virtual environment governed by the Central Bank of Brazil.

RIO DE JANEIRO, BRAZIL - Central banks worldwide are discussing the creation of digital currencies and this includes the Central Bank of Brazil, which is working for the Brazilian currency to gain a digital option soon.

This is a CBDC (Central Bank Digital Currency), an alternative currency, but with the same value as traditional physical money.

"The digital Brazilian real is a form of sovereign Brazilian currency, being developed to support a safe environment where entrepreneurs may innovate and where consumers may have access to the technological advantages offered by these new tools, without having to expose themselves to an unregulated . . .

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