BRICS: Brazil To Incorporate Government Bonds in CBDC Digital Currency
BRICS member Brazil is all set to test the second phase of its Central Bank Digital Currency (CBDC) this week. The Central Bank of Brazil confirmed that several Features will be incorporated into the CBDC including government bonds. The proposed CBDC will boast of various functionalities boxed into one mechanism making it easier to function. Also Read: Donald Trump Warns of Consequences If BRICS Ditches the US Dollar Brazil has confirmed that the second phase of CBDC testing will include 13 new functionalities into the system. BRICS country Brazil will include functionalities in the CBDC digital currency such as: Assigning credits with collateralization Establishing liquidity pools for trading government bonds Financing international trade operations Automatizing of car transactions Real estate platform integration, among others. Also Read: BRICS: China Exporters Stockpile $500 Billion, Chinese Yuan Could Rise BRICS: Brazil’s CBDC Digital Currency Second Phase Testing To Begin So...