Brazil’s central bank lays out reasons for developing CBDC

Banco Central Do Brasil logo for the Drex central bank digital currency

The central bank digital currency (CBDC) that Brazil’s central bank is to pilot for retail payments in stores is to be called Drex and will be “a step forward in democratizing access for individuals and entrepreneurs to the benefits of the digitalization of the economy”, the Banco Central do Brasil (BCB) has announced... More