The Central Bank of Brazil announced that it has selected nine institutions to assist in digital central bank currency (CBDC) research and development.
Brazil’s Central Bank announced on March 3 that the R&D initiative was funded from Brazil, Germany, USA, Israel, Mexico, Portugal, England and Sweden. 47 offers He said he got it.
Brazil’s chosen institutions include the country’s local cryptocurrency exchange Mercado Bitcoin, financial services provider Santander Brazil and Itau Unibanco. In addition, institutions include decentralized finance (DeFi) platform Aave, Brazilian bank federation Febraban, German payment company Gieseck+Devrient and finance company Tecban.
Projects that the central bank will carry out with the institutions it chooses It will start on March 28 and end on July 27. Projects will proceed from an innovation center led by the bank.
Brazil said in November 2021 that it will launch the pilot of CBDC in 2022 and will release the full version in 2024.