The digital version of the real is supported by the concept of CBDC (Central Banks Digital Currencies), which are digital currencies created by the central banks of several countries around the world. Unlike traditional digital currencies such as Bitcoin, the digital real, like physical currency, will be backed and guaranteed by the BC and the Brazilian government.

The expectation is that Real Digital will be launched in the first half of 2024 and enter the testing period in 2023.

We have no interest in doing away with paper money, this is people's choice and we want to provide convenience so that they can choose not to use paper. We do not intend to ban paper money. The alternatives have to be open to people so that they can do what is most convenient”, explains analyst Fabio Araújo

The experiments were conducted through the Fintech Innovation Lab (Lift) platform. The Development Secretariat has professionals from the Public Ministry of the BC, in addition to international relations, research and research, currency, monitoring of the financial system, banking operations and payment systems, promotion of financial citizenship, regulation, supervision and conduct and technology of the information.