President of Bank of Brazil Shows 'Open Finance' Digital Real Concept Featuring Stablecoin Integration and Payments Functionality
This idea includes the integration of the digital real, which is still under development, with traditional and decentralized financial structures and institutions. A “super app,” that will allow customers to hold stablecoins and the CBDC, was also shown in the event, showcasing the connection the system will have with the already available PIX payments network.This is basically a teaser of what this integration I’m talking about will be.
In this way, the app will allow the users to have a complete picture of their savings, traditional or crypto-based, in just one place.While the digital real concept has been in development for quite some time, there is no estimated date for its completion, as the central bank and other organizations continue to test the different implementations and functions this new coin would have.
Foresight🤝 That bridge will lead directly into stablecoins and then the rest of the DeFi ecosystem. Tic-tac-toe
So CeFi lol
I can't wait to see what happens with this. Brazil is a huge market for P2E gamers. Is there a fast forward button around here?
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Thaanks a millon
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The Brazilian gov. is dedicating more time and resources to the development of a Brazilian CBDC or digital real, but the real obstacle lies behind its adoption by the crypto community.
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Tether already exists on the market, so the rest is not so important anymore.
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Why is the mediaaa keeping thisss a secret!!
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