Roberto Campos Neto, Governor of the Central Bank of Brazil, Digital Real The project, the Central Bank of Brazil Digital Currency (CBDC), could start in 2024. Campos Neto also said that the digital currency system is a combination of traditional financial structures and decentralized financial (defi) institutions.
According to Roberto Camposneto, the digital real he could be ready in 2024
Brazil is a big player in the field of central bank digital currencies (CBDCs). He is one of the nations who have made progress. last year. There is currently no official release date for the digital real, but Brazilian Central Bank Governor Roberto Campos Neto has hinted that the currency could be launched in 2024. At the December 13th event, Campos Neto stated:
We hope to release it in 2024. There are still many challenges to reach this schedule, but this is our vision and goal.
Camposneto believes this is possible if digital real trials begin in 2023 and end in the same year. However, we also recognize that the roadmap has many challenges that may delay the completion of the project.
In Brazil he integrates Defi with Digital Reals. One of his tasks the bank is focusing on is the implementation of models involving digital reals using open finance. It is a model that facilitates the sharing of data, products and services between regulated entities.
This means that Brazilians only need a super app to manage all their financial instruments, including digital reals, tokenized bank deposits, and cryptocurrency holdings. increase. This is not the first time Campos Neto has mentioned this concept. Camposneto, he also mentioned in November, a super app that brings together all the functions of traditional and traditional financial products into a common hub.
Finally, Campos Neto says the programmable nature of digital reals will allow integration of payment systems like Pix with new structures that he bridges the Web3 ecosystem. On this he declared:
It is very important to be programmable so that new features can be added. PIX theoretically allows smart contracts to be placed on top of it.
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