This article is from cointelegraph.com.br and the original article can be read here in Portuguese
Finding a R$50 or R$100 bill on the sidewalk or in the pocket of a jacket that had been left out in the wardrobe since last winter is an increasingly rare joy these days, as money, in addition to being scarce , has long gained digital versions, at first through magnetic cards and, in a more recent past, through cryptocurrencies. The latter were marked by decentralization, whose circulation grew independent of governments and ended up falling into popular taste, to the point of being accepted by several companies and establishments around the world, until they arouse interests of parliamentarians and governments.
Brazil, for example, is racing to launch its digital currency (CBDC), Real Digital, in addition to the regulation of cryptocurrencies in the country, which is making great strides in the National Congress. All this in the wake of the 417% growth in cryptocurrency trading volume in the country in 2021 compared to the previous year, which represented a volume of R$ 103.5 billion last year, according to a annual report from CoinTrader Monitor.
To get an idea of the growth in the popularization of cryptocurrencies in Brazil, it is estimated that approximately five million Brazilians already have some type of crypto asset currently, same number of individuals operating on the Brazilian Stock Exchange, B3, with the difference that one took just over five years to reach this number, while the other took five decades. This is because Brazil still represents a shy 2% of the world share of this market.
The creation of Real Digital which, according to recent statements by the president of the Central Bank (Bacen, BC), Roberto Campos Neto, should tak place later this year, is part of the statistic of a survey recently released by the accounting firm PwC revealing that more than 80% of central banks are considering or have already launched a CBDC. This is the case with China, which launched a pilot version of the yuan’s digital wallet in January, the country’s fiat currency.
According to the report, countries have different motivating factors for the creation of a CBDC, among the main ones are the facilitation of cross-border payments and control of financial crime.
Among the factors that help to reflect the advance of institutions on cryptocurrencies is also the acceptance by size of companies for the settlement of purchases. In Brazil, for example, cryptocurrencies are already accepted by more than 900 companies, as reported by the Cointelegraph Brazil.
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