Brazil’s Chief Central Banker Says National Digital Currency Could Be Ready by 2022

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The president of Brazil’s central bank thinks the country’s national digital currency will be ready for launch by 2022.

At a Bloomberg-promoted event, Banco Central (BC) president Robert Campos Neto said that two years from now, Brazil will have the infrastructure for interoperable instant payments and an international, convertible and credible currency required for a central bank digital currency (CBDC).

In a recent press release, BC announced that digital currency will improve “commercial transactions between people and even between countries.”