Crypto

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.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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