Tech

Tech roundup: Brazil begins testing digital currency projects

After four months of experiments with various projects in its innovation laboratory, the Central Bank believes it can start testing the Brazilian CBDC

digital currency fintechs
Illustration: Shutterstock

Welcome to our Tech roundup, with the biggest stories on technology and innovation in Brazil. This week: Brazil’s first central bank-issued digital currency initiatives, while Revolut and N26 plan risky moves into the country.

Central Bank begins testing digital currency projects

Last week, Brazil’s Central Bank officially started execution on projects selected by the special edition of the LIFT Challenge innovation lab, focused on evaluating use cases for the awaited digital Real, a virtual version of the country’s currency.

Why it matters. “With the tests that we will carry out in the LIFT Challenge, several questions will be clarified,...

Less expensive than a coffee

Enjoy any plan of your choice for US$1 for the first month