Real Digital and security According to the Central Bank, digital currencies have the potential to improve the efficiency of the commercial transactions market in general, while fostering competition and providing financial inclusion for those individuals who have limited or no access to conventional banking services.
Based on this, the institution created a forum to discuss the development of a Brazilian digital currency, thus publishing the guidelines for the Digital Real in 2021 , in addition to discussions on its main applications.
With this in mind, the text will address what the digital real is, what its advantages are, and how it can provide greater security in financial transactions.
Contextualizing: what is Real Digital?
The Digital Real is a virtual alternative to the Real Digital and security Brazilian currency, the real . It will be issued by the Central Bank of Brazil, with a launch dataset scheduled for 2024. However, several actions have been taken since 2021, such as a regular forum for discussing the topic, in addition to promoting several webinars with the aim of exploring the possible uses of the Digital Real.
It is worth mentioning that these measures
initiatives have been taken by the Central Bank with the aim of ensuring that the Digital Real is not such a distant reality, and can be implemented in the best way possible.
Through the digital currency, any individual discover 4 tips to improve your company’s positioning on the internet! will be able to use funds in their financial transactions, investments, among others. In this way, all operations can be conducted through it, thus providing the advantage of its link to the physical real, that is, following the price of the Brazilian currency and ensuring low volatility.
Regarding cryptocurrencies
we can say that this is not the case with the digital real – which can be tokenized by financial institutions for Brazilians. The goal of Real Digital is to be an alternative that will allow instant payments , thus reducing the costs of financial transactions and increasing the efficiency of the system.
Read on the Blog about how ClearSale has been working on the creation of the Brazilian digital currency .
How will Real Digital work and what is its objective?
The main objective of the Central Bank with mobile list the creation of the digital real will be to provide greater efficiency and security in financial transactions, reducing costs and, in this way, promoting the inclusion of people who do not have access to traditional banking services – in this case, the Central Bank of Brazil expects an increase in financial inclusion, as Brazilians will have access to these services more easily.
But there are some other objectives that the financial institution wants to achieve with the creation of the currency:
Safer transactions
Choosing to invest in the Digital Real can bring Real Digital and security numerous advantages, both for companies and consumers . The existence of a digital currency enables faster and safer transactions, with the prospect of its global use, eliminating the need for conversions to local currencies. This convenience provides fluidity in business and financial operations on an international scale.
Democratization of financial services
In the Brazilian scenario. Implementing Real Digital can further promote. The democratization of the financial sector. Thus facilitating access to banking services . The success of Pix. The instant payment system also established. By the Central Bank of Brazil. Has already demonstrated the willingness of Brazilian citizens to adopt financial innovations. With the adoption of Real Digital. It is possible to further enhance the efficiency of the financial. Market in the country. While maintaining full compliance with current laws and regulations. The initiative aims to boost financial inclusion and make transactions more convenient for everyone.
Efficient governance in payment systems
Furthermore, the incorporation of CBDCs (Central Bank Digital Currencies) can provide more efficient governance in payment systems . The ability to easily track transactions helps combat illicit activities such as money laundering and terrorist financing, while ensuring compliance Real Digital and security with local laws, especially regarding customer identification and financial privacy. The use of CBDCs offers greater transparency and security in financial transactions, promoting a safer and more reliable environment for the economy.
