Technology is no longer the future and is increasingly present in the lives of all Brazilian citizens. And this impact of innovation should soon definitively reach the national economic scenario.
At the end of 2022, the Central Bank (Bacen) announced a project to develop a new virtual currency: the Digital Real . However, unlike other financial modalities, this solution is set to change the way Brazilians buy and pay.
In this article, we will talk all about Real Digital, how this solution will work and how it will impact your company’s financial routine. Keep reading!
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What is Real Digital?
Real Digital is a new Brazilian digital poland whatsapp number data that is being developed by the Central Bank . Although it may resemble other solutions, such as Pix , Real Digital manages to accumulate more functions.
Its objective is to be used for payments, both in traditional retail and in e-commerce – however, the Digital Real must establish itself as a parallel currency to the physical Real.
In other words, in the long term, this new digital currency could replace the traditional real in Brazilians’ financial routines.
What is the Central Bank’s objective with the Digital Real?
With Real Digital, the Central Bank’s main nostalgia culture: it’s all back! is to reduce the costs of banking operations – especially with the issuance of paper money. With it, it will be possible to increase the number of people in the financial market.
Furthermore, the adoption of Real Digital should facilitate the population’s access to financial resources through technology, simplifying processes such as money movement, retail purchases, investments, transactions, etc.
This development is related to an international wave that aims to digitize financial processes . This movement is called Web 3.0, with technology based on systems such as blockchain.
Will the Digital Real replace physical money?
In fact, over time there is a business to consumer database that the Digital Real will replace the need for physical money. After all, this new virtual currency will be, in many ways, equivalent to the physical real.
In other words, in the future the need to print physical money will become obsolete . However, this movement has been happening for some years now, as the emergence of new technologies such as credit cards and Pix have reduced the need for physical money.