Brazil Says Central Bank Digital Currency Set For 2022 Rollout

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. And although it’s not a winner-take-all competition, central banks first out of the gate might prove instructive to those who follow — particularly when it comes to new use cases or the goal of democratizing banking and digital payments.

Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system.


Via Pymnts


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