The Central Bank of Brazil and perfecting PIX
Apparently, this digital token-coin-thing could help the overall PIX system.
“In our case, PIX is very important because from here on out, we’ll see the merging of instant payments that’s open and cannot be tampered with thanks to its open data system. And at some point in the future it will stand alongside a coin that needs to be perfected,” noted the Central Bank’s President.
“We have a project that will simplify exchanges and that will be coupled with a convertible coin,” said Campos Neto.
PIX in and of itself promises speed in electronic transactions. And the use of a digital coin to facilitate operations could help kick cash to the curb.
Although Campos Neto didn’t dive into details, it’s been suggested he’s a blockchain fan. Moreover, this “secret project” may be linked to the private meeting he had with Ripple’s CEO in May.
Continue read: https://www.contxto.com/en/brasil/brazil-central-bank-digital-currency-pix-system/