Central Bank of Brazil Chooses Visa and Microsoft for CBDC Pilot – Is Stellar Suitable to Serve Billions of People Worldwide? Report
The central bank of Brazil has partnered with 14 selected institutions, including private banks like Nubank and Bradesco, and MNCs like Microsoft and VISA, for the pilot testing of its central bank digital currency (CBDC) called Digital Real. Starting mid-June 2023, the participants will be onboarded onto the Digital Real Pilot platform, where simulated transactions [...