Have you heard of real digital? That's right, the Central Bank does not want to be left behind when it comes to digital currency, so the Central Bank itself is developing its currency, in times of dozens of cryptocurrencies, it is worth understanding more about this digital currency.
For this very reason, it is necessary to understand the Real in digital format, as some people are confusing this novelty from the Central Bank with cryptocurrencies, however, let's see that it really has nothing to do with a cryptocurrency like Bitcoin, for example.
It must be noted that the real digital it really is not a cryptocurrency, we can call it a ”CDBC”, which is nothing more than; ”Central Bank Digital Currency”, which literally means central bank digital currency. That's why it's not a cryptocurrency.
Understanding the digital Real better
It must be remembered that cryptocurrencies are not regulated by any government in the world, since the real one, in its digital format, is being completely created by the Central Bank, so it is necessary to be aware of these differences. Stay tuned for information in this article.
This digital currency model is already done in some places such as the "Bahamas", for example, which already has the digital currency called "Sand Dollar", and also several countries in the world already have projects well advanced, such as China, United States, Japan and South Korea.
It is worth remembering that there will not be a way to mine the digital Real, as it is not a cryptocurrency, it will be issued solely and exclusively by the Brazilian Central Bank, so be careful with market speculation and false information about the real digital.
Transactions with Real digital
Through this digital currency, made by the Brazilian Central Bank, it will be possible to make transactions between banks in a more direct way, in this way it is possible to know both the origin and destination of each transaction made through the digital Real. It really is quite new.
The digital Real is nothing more than an extension of the physical Real, in order to stimulate new business models, in addition to payments and financial transactions made in real time, in the same way that you pay for your purchases with the physical real, it will be possible to pay any type of purchase with your digital real.
Another idea that few people understood is that it is also possible to withdraw the Real in its digital model, being the same banknotes that you already know, exactly because it is not a digital currency without indexation, it is just the extension of the currency that already exists .
Characteristics of the new Central Bank digital currency
- Currency in the digital model, but it is not a cryptocurrency and it is not possible to mine it..
- Currency strictly created by the Brazilian Central Bank in digital format.
- It is a finance model, we can be understood as an extension of the official Brazilian currency, that is, it is not a new currency just an extension of it.
- The value of the currency, according to the Central Bank, at first will be exactly the same as its physical version, as it is an extension of it.
Expected release date
There is still no exact date for the launch of Real digital, as it is in the process of being finalized and could take up to 3 years to be fully implemented in Brazil. However, the Central Bank is already in the testing phase, to understand how to improve the functionalities of the digital Real.
We really are on the threshold of a new era, where all areas of our lives are being digitized, improved and changed, and it would not be different with our financial system, what we hope is that the new ways of dealing with money in a digital way, be not only useful, but beneficial to all users, not just banks.
It would be really interesting to reformulate the financial system, where people could really enjoy more advantages and improve their purchasing power, and their family's quality of life, because the purpose of money is simply to provide basic needs and also quality of life .
Digital currency is reliable
This is an interesting subject, in the case of the digital Real, it is necessary to understand that it is an extension of the physical currency, and that means that it has a guarantee of value, since every currency is indexed to the country's wealth, that is, in our case , to gold, being kept under lock and key by the Central Bank.
For this very reason, the digital Real has the same value and the same reliability as the physical Real, which is not the same case with cryptocurrencies such as bitcoin, for example, that there is no indexing there is no physical asset, it is simply speculative and digital for this reason it is very volatile, and the risk is also very high, both in terms of winning and losing.
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