Real Digital News Today

Youth entrepreneurship: Youth Space opens fifth unit in Rio de Janeiro (Image: Rio City Hall/ Marcos de Paula) See the companies that have been highlighted in recent days: Youth Space, in Rio, celebrates 1 year with new unit and 2,500 vacancies The project Youth Spaceaimed at taking entrepreneurial education to…

An accelerator-style initiative backed by Brazil’s central bank has had its operations ‘suspended indefinitely’.

Brazil’s central bank has set out the next steps of its journey towards the launch of a digital currency – newly named ‘Drex’ – as its experimentations with the platform that would underpin it advance through 16 projects.

Brazils Central Bank (BCB) Monday announced a new digital currency for South Americas largest country, which will be called Drex and is not expected to reach account holders before late 2024, Agencia Brasil reported.

On the CBDC logo, two arrows, included in the capital D, picture the evolution of the national currency, real, to its digital version.

Drex distinguishes itself from cryptocurrencies. It will maintain a fixed value equivalent to the Brazilian real. Every 1 real will correspond to 1 Drex.

A blockchain developer has found a code in Brazilian central bank-backed digital currency (CBDC) that would allow the government to freeze accounts or even drain them at will. Read on to learn more.

Brazil's Central Bank has partnered with Mercado Bitcoin to move forward with its central digital currency.

Check below the five most read Crypto Times news between May 22nd and 26th: (Image: Getty) Some of the events in the world of cryptocurrencies have gained greater prominence among users and enthusiasts of this market. Check below the five most read news of the Crypto Times between the 22nd…

To demonstrate the value of a central bank digital currency to small businesses, the U.S. card network is using Brazil's Real Digital to cut costs for local growers.