The Banco Central do Brasil (BCB) has named the partner organisations that will support the next phase of its central bank digital currency (CBDC) project.

A total of nine projects proposed by Brazilian banking federation Febraban, Santander Brasil, Itaú Unibanco, cryptocurrency exchange Mercado Bitcoin, cryptocurrency Aave, Giesecke + Devrient, fintech Vert, as well as by Visa do Brasil, Consensys and Microsoft and by TecBan and Capitual bank, will focus on the technological feasibility and potential use cases for a digital real, BCB says.

The Banco Central do Brasil set up a CBDC study group in August 2020.

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