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3232Brazilian CBDC Drex Envisioned to Replace Current Transaction System
https://www.digit.info/brazilian-cbdc-drex-envisioned-to-replace-current-transaction-system/
Tue, 08 Oct 2024 23:31:20 +0000https://www.digit.info/brazilian-cbdc-drex-envisioned-to-replace-current-transaction-system/Read more]]>Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would be significant. Drex Coordinator Envisions Total Substitution Of Traditional […]
]]>Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain
https://www.digit.info/digital-real-pilot-to-run-on-ethereum-compatible-permissioned-blockchain/
Thu, 09 Mar 2023 23:30:46 +0000https://www.digit.info/2023/03/09/digital-real-pilot-to-run-on-ethereum-compatible-permissioned-blockchain/Read more]]>According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to run without any licensing costs and to deal with maintenance costs later, […]
]]>Central Bank of Brazil President States Digital Real Pilot Is Imminent
https://www.digit.info/central-bank-of-brazil-president-states-digital-real-pilot-is-imminent/
Fri, 17 Feb 2023 07:19:59 +0000https://www.digit.info/2023/02/17/central-bank-of-brazil-president-states-digital-real-pilot-is-imminent/Read more]]>The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto stated that the pilot test will start now and that banks will have to digitize more of their balances in the future. Pilot Tests […]
]]>Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real
https://www.digit.info/central-bank-of-brazil-to-test-security-and-transaction-privacy-levels-of-the-digital-real/
Fri, 10 Feb 2023 07:30:46 +0000https://www.digit.info/2023/02/10/central-bank-of-brazil-to-test-security-and-transaction-privacy-levels-of-the-digital-real/Read more]]>The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation to transact with a still-to-be-determined tokenized asset. […]
]]>Central Bank of Brazil Director Praises Bitcoin as a Financial Innovation, Talks Programmable Digital Real
https://www.digit.info/central-bank-of-brazil-director-praises-bitcoin-as-a-financial-innovation-talks-programmable-digital-real/
Sat, 06 Aug 2022 10:30:19 +0000https://www.digit.info/2022/08/06/central-bank-of-brazil-director-praises-bitcoin-as-a-financial-innovation-talks-programmable-digital-real/Read more]]>Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies. To Araujo, Bitcoin was the catalyst for what is today known as Web3. At an event, Araujo also commented about the status of the development of the digital real, stating that […]
Fabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would be significant. Drex Coordinator Envisions Total Substitution Of Traditional […]
]]>
According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to run without any licensing costs and to deal with maintenance costs later, […]
The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto stated that the pilot test will start now and that banks will have to digitize more of their balances in the future. Pilot Tests […]
The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation to transact with a still-to-be-determined tokenized asset. […]
Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies. To Araujo, Bitcoin was the catalyst for what is today known as Web3. At an event, Araujo also commented about the status of the development of the digital real, stating that […]