#Giveaway  on last slide

Brazil To Launch Its Digital Currency In 2024

Scribbled Arrow

TRENDING GLOBALLY

FOLLOW US:  @theinsaneapp

After a pilot program that was closed to the public next year, the Brazilian central bank plans to launch its digital currency by 2024 in partnership with financial institutions.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

According to Roberto Campos Neto, president of the Central Bank of Brazil, the digital currency will be launched by the Central Bank of Brazil in 2024.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Compos Neto spoke to Poder 360 at an event, stating that the project has received much international attention.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

According to Reuters reports, he said that the central bank's digital currency would encourage banks to tokenize their assets. This would result in significant efficiency gains.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

He stated that "if the digital currency is a tokenized deposit, it inherits all of the regulation that applies to deposits."

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Campos Neto stated that the tokenization of deposits would also help banks reduce their settlement, auditing, and funding costs.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

Campos Neto stated that the project shouldn't disrupt monetary policy nor harm banks' balance sheets.

Twitter | Insatagram | Facebook

FOLLOW US:  @theinsaneapp

According to Campos Neto, the benefits of digital currencies should be to increase banks' settlement, auditing and funding costs.

Twitter | Insatagram | Facebook

#GIVEAWAY BY INSANE

Do you know that we give away around $500 USd in cash prizes every week?

Let’s grow together!