Brazil's Central Bank Selects 14 Participants for CBDC Pilot

The Central Bank of Brazil selected 14 selected institutions to enactment successful the aviator of the integer real, the country’s cardinal slope integer currency (CBDC).

Published Wednesday, the database includes large section backstage banks specified arsenic Bradesco, Nubank, and Itaú Unibanco, arsenic good arsenic the largest nationalist Brazilian bank, Banco bash Brasil, and the section banal speech B3. Multinational companies specified arsenic Visa and Microsoft were besides chosen to participate.

The cardinal slope volition statesman incorporating participants into the Real Digital Pilot level successful mid-June 2023.

In total, the slope received 36 involvement proposals from implicit 100 institutions from a fig of antithetic fiscal sectors, including outgo institutions, cooperatives, nationalist banks, crypto companies, fiscal marketplace infrastructure operators, and outgo colony institutes.