The Brazilian central bank is firmly on track to launching its own Central Bank Digital Currency (CBDC) by 2025! 😲 Brazil targets to launch its own CBDC by 2025, and the project is rapidly gaining momentum. The Central Bank of Brazil plans to introduce a central bank digital currency (CBDC) by 2025, as confirmed by bank President Roberto Campos Neto at a recent conference. While 2024 might seem like a close target for some, the Brazilian central bank will have its own digital currency CBDC by 2025. This ambitious goal puts Brazil alongside other nations already embracing digital currencies. Several countries have already pioneered CBDCs, including Bahamas, Nigeria, Eastern Caribean, and Jamaica, who have successfully issued their own digital currency.

The development of Brazil's CBDC is progressing rapidly. The Central Bank of Brazil has confirmed the inclusion of Visa and Santander as the latest payment firms to join its development project of a potential native digital currency. The collaborative effort signals a commitment to building a robust and user-friendly digital currency infrastructure. While the exact launch date within 2025 remains to be seen, Brazil's dedication to implementing its own CBDC marks a significant step forward in the future of finance within the country and beyond.