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Brazilian CBDC Drex Envisioned to Replace Current Transaction System

Moussa by Moussa
October 8, 2024
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Brazilian CBDC Drex Envisioned to Replace Current Transaction System
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Brazilian CBDC Drex Envisioned to Substitute Current Transaction SystemFabio Araujo, the coordinator of Drex, the Brazilian CBDC, envisions this network substituting the current national transaction system and moving all the funds currently settled by the Reserve Transfer System. However, he stated that this would take some time, as the cost of this migration would be significant. Drex Coordinator Envisions Total Substitution Of Traditional […]



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