Brazil's new digital currency promises to revolutionize financial transactions

The world is constantly changing, and technology plays a key role in this process. In this sense, the Central Bank of Brazil is developing a new form of electronic payment, the digital real. However, it has the potential to be a phenomenon of greater adoption than Pix, according to experts. In this way, the economy will grow with the ease of financial transactions.

Real Digital is the new project of the Central Bank. However, it is an ambitious project that will democratize financial transactions and investments. If the pix is ​​already good, then imagine how this new currency will be! In this text, we will cover the main information about this new currency and why it can be bigger than the pix.

Learn more about what the digital real is and how it impacts the national economy with the video below

After all, what is Real Digital?

The digital real is a new form of electronic payment being developed by the Central Bank of Brazil. It is a digital currency that has the same functionality as physical money. However, it is stored on electronic devices such as smartphones, tablets and computers.

The purpose of is to bring more efficiency and security to financial transactions, in addition to reducing transaction costs. However, the currency should function as a complementary form to physical money and other means of electronic payment, such as credit card and Pix.

The technology used in the digital real is the blockchain, which is a decentralized and secure transaction recording network. However, the idea is that transactions are instantaneous and that there is no need for intermediaries, which would reduce costs.

Furthermore, digital currency has the potential to increase financial inclusion, as anyone with an electronic device will be able to use it, regardless of whether or not they have a bank account.

However, it is important to emphasize that the digital real is still in the development and testing phase. The Central Bank expects the official launch to take place in 2022. Until then, tests and public consultations will be carried out to improve the project and guarantee the security and efficiency of the new means of payment for the economy.

How can Real Digital be more adopted than Pix?

According to experts, people will adopt Real Digital more than Pix for a few reasons. First, anyone can use the digital currency. And that doesn't matter if you have a bank account or not. Furthermore, Real Digital is used for international transactions. In that sense, Pix still doesn't offer such a function.

Another reason is that Real Digital can be used for offline payments, that is, without the need for internet. This can be a huge draw for people who live in regions without internet access or who have connectivity issues.

What are the benefits of this new digital currency?

Real Digital can bring several benefits for users, such as faster and safer financial transactions, without the need for intermediaries. Furthermore, the digital currency can be used for international and offline transactions. This can be very useful for people who travel frequently or live in regions with poor connectivity.

Finally, Real Digital is a Central Bank initiative that could revolutionize the Brazilian financial system. Finally, digital currency can bring many benefits to users to change how we do financial transactions in the country. It is important to monitor the development of the project and prepare for the changes that may come with Real Digital.