Brazil targeting a 2022 launch for its CBDC
Brazil aims to launch a central bank digital currency (CBDC) by 2022. The CBDC will be part of Brazil’s plan to digitize its payment system, including launching an instant payments system and a competitive Open Banking System.
Brazil’s chief central banker, Roberto Campos Neto said “CBDCs are the consequence of fast-digitizing financial systems such as Brazil’s. Banco Central is rolling out its PIX instant payments system in November and launching an Open Banking initiative later this year”.