Visa, Microsoft Among Institutions in Brazil's CBDC Pilot

The Central Bank of Brazil has chosen 14 institutions to take part in the pilot of the digital real, the country's central bank digital currency (CBDC). Major local private banks, the largest public Brazilian bank, the local stock exchange B3, and multinational companies such as Visa and Microsoft have been selected. The central bank will begin incorporating participants into the Real Digital Pilot platform in mid-June 2023.