Brazil's Money Makeover: Digital Real To Outshine Bitcoin?
Portfolio Pulse from Murtuza Merchant
Brazil's Central Bank is testing its central bank digital currency (CBDC) platform, the digital real, with 14 participants including Microsoft, Visa, and Banco Santander. The pilot scheme, initiated in 2022, aims to explore the use of digital real for federal public securities transactions.
May 26, 2023 | 7:48 pm
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Microsoft is participating in Brazil's Central Bank's digital real pilot, potentially expanding its involvement in digital finance.
Microsoft's participation in the digital real pilot could lead to further involvement in digital finance and potential partnerships in the future. This may have a positive impact on the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Banco Santander is participating in Brazil's Central Bank's digital real pilot, potentially expanding its involvement in digital finance.
Banco Santander's participation in the digital real pilot could lead to further involvement in digital finance and potential partnerships in the future. This may have a positive impact on the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Visa is participating in Brazil's Central Bank's digital real pilot, potentially expanding its involvement in digital finance.
Visa's participation in the digital real pilot could lead to further involvement in digital finance and potential partnerships in the future. This may have a positive impact on the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50