Visa’s Brazilian CBDC solution targets tokenized farm contracts

In April, Visa presented its solution for the Banco Central do Brasil’s central bank digital currency (CBDC) competition, the Real Digital LIFT Challenge. The prototype consists of a programmable finance platform for small and medium-sized businesses (particularly farmers), which allows tokenizing sale contracts into NFTs and auctioning them to global investors. Microsoft, Sinqia, and Agrotoken were also part of the submission.

Read more: Ledger Insights