Brazil`s new central bank digital currency will be called ‘Drex’

The Central Bank (BC) of Brazil announced on Monday (August 7, 2023) that the name of the new digital currency (CBDC) will be “Drex.” According to the monetary authority, the “d” and “r” refer to the digital real, the “e” stands for “electronic,” and the “x” aims to convey a sense of modernity and connection. […]

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