Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot
A recent announcement revealed the list of selected projects in Brazil’s blockchain initiative, which includes collaboration with global companies like Visa, XP, Nubank, and Santander. These projects aim to optimize various sectors, including foreign exchange, automobile operations, lending, and decarbonization.
Visa will be working with Brazilian brokerage XP and digital bank Nubank to enhance the foreign exchange market. Meanwhile, Spanish banking giant Santander has been chosen to participate in projects related to automobile operations and initiatives focused on lending and decarbonization.
These collaborations showcase the growing interest in blockchain technology and its potential to revolutionize traditional industries. By leveraging blockchain solutions, these companies aim to improve efficiency, transparency, and security in their respective sectors.
As Brazil continues to embrace blockchain technology, more global companies are expected to join forces with local partners to drive innovation and digital transformation across various industries. The future looks promising for blockchain in Brazil, with exciting developments on the horizon.
