BCB selects private companies to test implementation of “smart contract” for drex currency
Brazil’s central bank announced on September 4 the list of selected use cases for the second phase of its digital currency pilot scheme.
Phase two involves testing the implementation of “smart contracts” for Brazil’s central bank digital currency (CBDC), known as drex. These will be created and managed by third parties and executed automatically once the terms are fulfilled.
The Central Bank of Brazil (BCB) picked 13 of the 42 use case proposals and grouped them into respective themes. The bank
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