Brazil to launch CBDC ‘DREX’ in 2024 said to improve financial accessibility amid centralization concerns
The Central Bank of Brazil has unveiled its upcoming digital currency, ‘DREX.’ As reported in a live video from the Central Bank, DREX will be a digital representation of the Brazilian real, with the capacity to interact with other digital assets. The video specified that “unlike cryptocurrencies such as Bitcoin,” DREX aims to facilitate access...