tldr; The Central Bank of Brazil is accepting applications from companies for its digital currency pilot, Drex, from Oct. 14 to Nov. 29. This marks the second phase of the project, aiming to expand participants and explore complex use cases like government-backed loans and real estate. The first phase involved 16 consortiums using tokenized real in a decentralized network. The initiative aligns with global trends, as 134 countries are exploring CBDCs. Brazil is among 65 nations in advanced stages of development.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; The Central Bank of Brazil is accepting applications from companies for its digital currency pilot, Drex, from Oct. 14 to Nov. 29. This marks the second phase of the project, aiming to expand participants and explore complex use cases like government-backed loans and real estate. The first phase involved 16 consortiums using tokenized real in a decentralized network. The initiative aligns with global trends, as 134 countries are exploring CBDCs. Brazil is among 65 nations in advanced stages of development.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.