Does Brazil have a digital currency? |Last year, .Brazil's central bank made headlines by unveiling its digital currency project, Drex
Does Brazil possess a digital currency? It seems like a pertinent inquiry given the rapid advancement of technology and the increasing popularity of cryptocurrencies globally. Recall that just last year, Brazil's central bank garnered significant attention by unveiling its digital currency project, aptly named Drex. This announcement marked a significant milestone in the country's financial landscape, hinting at a potential shift towards a more digitized currency system. However, the question remains: has this project materialized into a fully operational digital currency that Brazilians can use? Or is it still in the early stages of development? The answers to these queries would provide valuable insights into Brazil's position in the digital currency revolution.