Brazil’s central bank’s maiden blockchain project, the digital real, made an entry through a public blockchain. A local paper, “Valor Economico,” stated that the trial project was done by Mercado Bitcoin, a crypto exchange, and Stellar protocol, and was designed to bring awareness to low-cost as well as real-time settlements to the users. Special attention was placed on the simulated delivery vs. payment model for the instant exchange of assets plus funds.
Fulvio Xavier, head of special projects at Mercado Bitcoin, said the thesis was geared at proving the possibility of safety and viability in transacting using digital assets leveraging public networks. He also said that the Brazilian central bank has always been concerned about what happens when…
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