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DREX

Brazil delays DREX CBDC launch over privacy concerns
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3 June, 2024

Brazil delays DREX CBDC launch over privacy concerns

Similar to developed nations, Brazil also shows great concerns regarding the privacy of CBDCs despite conducting several trials to address...
Brazil’s BV Bank tests car sales ahead of DREX CBDC pilot
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13 April, 2024

Brazil’s BV Bank tests car sales ahead of DREX CBDC pilot

BV Bank has been testing the viability of DvP settlements in car sales transactions, which involves the simultaneous transfer of...
Brazil explores CBDC offline functionality ahead of mainstream launch
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18 March, 2024

Brazil explores CBDC offline functionality ahead of mainstream launch

Brazil's central bank follows other countries in exploring an offline payment solution for its CBDC as part of its effort...
Brazilian central banker talks about new payment system, CBDCs, digital payments
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27 October, 2023

Brazilian central banker talks about new payment system, CBDCs, digital payments

The Brazil central bank boss sees CBDC's potential, arguing that if every country has a digital currency that it could...
It’s ‘DREX,’ not digital real: Brazil unveils the name of its CBDC
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11 August, 2023

It’s ‘DREX,’ not digital real: Brazil unveils the name of its CBDC

DREX is an acronym for digital real electronic transactions, with its logo depicting two arrows that signify the evolution of...