BV Bank has been testing the viability of DvP settlements in car sales transactions, which involves the simultaneous transfer of documents linked to securities to prevent traditional payment risks.
Brazil's central bank follows other countries in exploring an offline payment solution for its CBDC as part of its effort to ease interbank settlements and attain financial inclusion.
The Brazil central bank boss sees CBDC's potential, arguing that if every country has a digital currency that it could connect digitally, we can "have achieved the goal of having a common currency."
DREX is an acronym for digital real electronic transactions, with its logo depicting two arrows that signify the evolution of the real to a digital environment.
