Bank AI

<div class="coinidol"> 
 <div class="info"> 
  <div class="news_info">
    Aug 09, 2023 at 09:16 // News 
  </div> 
  <div class="author-box"> 
   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/b3b/60_60_1/b3b85466a767a76406bc9797c863d1ca.jpg)"></div> <span>Author<br>Nina Lyon </span> 
  </div> 
 </div> 
 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/5af/900_900_1/0a18g7wogcj3hoc3u35ijx19of2244xv.jpg" width="900" height="563" alt="The Brazilian digital real will expand the population's access to banking services" title=""> 
 <p><strong>The Central Bank of Brazil has announced the official name for its digital currency - DREX.<br> </strong></p> 
 <p> </p> 
 <p style="text-align: justify;"> The acronym DREX stands for the elements of innovation: D - digital, R - real, E - electronic and X related to transactions on the Brazilian Pix platform. </p> 
 <p style="text-align: justify;"> The Brazilian digital real will expand the population's access to banking services, and it will be easier for citizens to obtain a loan or insurance, and investments will be more accessible to them. DREX will also be used to trade government bonds. </p> 
 <p style="text-align: justify;"> Maria Rita Serrano, president of Brazil's largest state-owned bank, Caixa Econômica Federal, added that government and labor benefits could be paid in digital reals in the future. </p> 
 <h2 style="text-align: justify;" id="steps-taken-to-introduce-the-digital-real">Steps taken to introduce the digital real</h2> 
 <p style="text-align: justify;"> In May 2023, global cryptocurrency and block<a rel="noopener noreferrer nofollow" title="Category Chain news" href="https://thebittimes.com/chain-news.html">Chain news</a> media Coinidol.com reported that Visa had announced the development of a programmable financial platform for the digital real. At the time, the digital currency was scheduled to be launched by Brazil's central bank in 2024. </p> 
 <p style="text-align: justify;"> Catherine Gu, Global Head of CBDC at Visa, pointed out that the contribution of small businesses in Brazil is crucial and the solution can help. She added: </p> 
 <p class="quote" style="text-align: justify;"> "The contribution of small businesses is critical to the local economy, especially in Brazil where they employ more than half of the population and generate nearly a third of the country's GDP - at Visa, we are committed to helping them grow by exploring new technologies that enable them to more easily sustain and expand their business operations." </p> 
 <p style="text-align: justify;"> In June, Brazil's central bank formed a consortium to test digital reality, including Mercado Bitcoin, MasterCard, Genial, Cerc and financial software developer Sinqia. </p> 
 <br> 
</div>

Central Bank of Brazil Introduces DREX Currency

Table of Contents

TheBitTimes

Autres articles publiés le 9 août 2023

LFi Tokens Set to Soar with the Introduction of CloudX Minting

CipherTrace expert says Chainalysis data contributed to ‘wrongful arrest’ of alleged Bitcoin Fog ...

AT&T Stock Price Prediction: Will T Change its trend In 2023?

WisdomTree Reports Monthly Metrics for July 2023

LTC Halving Triggers Market Turmoil: Price Plunges by 10% in One Week and Mining Profits Take a Hit!

PEPE Investors Buzzing As Mystery Investor Splashes $1,000,000 on Jaw-Dropping 807B Coins Post-Surge

Join our free newsletter for daily crypto updates!