The Rodrix Digital channel received Marcello Paz, specialist in Investments with cryptocurrencies and derivatives, and Fabricio Tota, director of Mercado Bitcoin, to talk about central bank digital currencies, also known as CBDC.
The host of the channel, known as “Rodrix Digital”, commented that “CBDCs are the new way to control money and, in Latin America, the Real digital, the Brazilian CBDC, is the most advanced in terms of development and should be launched, in the testing phase, still in 2022”.
“However, in practice, Brazil already has a digital currency, the PIX, which has been a kind of preview of how its effects on our freedom are negative,” he later clarified.
On the other hand, he said: “As one of the conditions for the use of cryptocurrencies is the knowledge of this technology, the digital real can be the door that opens for Bitcoin, since the restriction of freedom opens the demand for technologies. make us freer”.
In the Brazilian case, it is speculated that the federal government will adopt an authorized blockchain, however, the greatest demand is about transparency and control, issues that the Central Bank left open.
However, as Brazil already has PIX, for instant payments and 24/7, the trend is for the Brazilian CBDC to be a kind of platform for the construction of smart contracts that has the Real Digital (the Brazilian national currency in digital format) as your native token.
“I think Real Digital will further improve the payment system we have in Brazil,” said Marcello Paz, specialist in Investments with cryptocurrencies and derivatives, creator of the Criptocapitalistas channel, of the Dominando como Cryptos course, and founding partner of O2 Research and Crypto Select. .
The migration is expected to be gradual, since not everyone finds the condition of a technological device that can perform the service provided by the real digital.
So a hybrid system can be expected. Banks will continue to have a role in this new economy, but some services may become obsolete.
With the digital real, investments will be able to arrive in Brazil and that, too, will be able to bring economic development. This policy could give more strength to the real, placing it as a destination for future financial capital. What is clear is the relevance of Brazil for the crypto environment, which will be an attraction for companies in the crypto sector.
“I imagine, in relation to Real Digital, something that is both hybrid and in which citizens can consult and look at transactions and know how many wallets they have, how much volume they have in each one. I think that is a lot,” said Fabricio Tota, director of Mercado Bitcoin, a company authorized by the Central Bank to participate in a Real Digital MVP.
“On privacy, I think today we don’t have much and our data is already circulating between companies, government agencies, among others. So we no longer have privacy. Is this good or bad? I don’t know, since companies need data to provide us with better services and, on the other hand, this data can also be used to harm us”, added Tota.
Those interested in learning more about the subject can listen to the full talk below:
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