The Brazilian central bank has 13 participants for phase 2 so far, and it is willing to take on an unlimited number.
The Central Bank of Brazil is accepting applications for phase 2 of its Drex central bank digital currency (CBDC) pilot project between Oct. 14 and Nov. 29. It is interested in business cases that can be implemented by smart contract in particular.
Although there is no launch date for the Drex, the Drex coordinator at the Central Bank Fábio Araújo hinted that the bank is eyeing live tests after this pilot round, Cointelegraph Brasil reported.
The central bank stated in its call for applicants that there is no limit on the number of projects its Executive Management Committee will consider.
