BRASILIA, Brazil—Both national and global companies will participate in the upcoming Brazilian central bank digital currency (CBDC) pilot project. Banco Central do Brazil, the country’s central bank, said it will begin adding participants to the digital real platform around the middle of June 2023, Cointelegraph reported.
The central bank has published the final list of CBDC pilot participants. Participants were chosen from a pool of 36 bids made by single companies and consortia, totaling more than 100 institutions, according to the report.
The final number of participants is 14, although some of those represent groups of companies. For example, Microsoft; Brazil-based bank Banco Inter. and the digital technology company 7COMm comprise one of the 14 participants, Cointelegraph said.
Additional Participants
Among other participants are Visa, Santander, and several Brazilian banking institutions, such as Itaú Unibanco, BTG Pactual and Banco Bradesco.
In the current phase of the digital real pilot, the central bank will test the privacy and programmability functionalities of its platform through a single use case: a delivery versus payment protocol for federal public securities, according to Cointelegraph.
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