Central bank announces selections for true digital pilot

In March, the Central Bank announced the launch of the pilot project for Real Digital, Brazil’s future virtual currency. The 14 selected to test the currency were announced this Wednesday (24) and include individual institutions and consortia.

Who are the chosen ones

Among those chosen are Banco do Brasil, Bradesco Unibanco, BTG Pactual, BV, Itaú Unibanco and Nubank. There are also consortia, involving Santander Brasil, XP, B3, Banco Inter, Inter&Co and others.

Consult the complete list released by the BC, in order of registration:

The Central Bank said it had received 36 proposals from more than 100 institutions.

How will it work

In a statement, BC said the tests will put privacy and programmability features into practice.

Still, according to the bank, they will happen through a delivery protocol case against federal public safety payment between customers of different institutions. That is, user participation will be simulated through tokenized (encoded) Real Digital deposits.

The intention is to promote exchange between test takers.

Digital Real

The development and testing phase should be completed by February 2024. The public release still depends on a subsequent evaluation phase.

Post Banco Central announces selected for real digital pilot first appeared in Olhar Digital.

Source: Olhar Digital