by Ken Macon, Reclaim The Net:

Microsoft, Visa, and other national and global companies will participate in the upcoming pilot project of the Brazilian central bank digital currency, the digital real.

The project will start as early as June 2023.

Earlier this week, the Brazilian central bank published the final list of companies that will participate in the CBDC pilot. Over 100 institutions made 36 bids (some companies made bids as a group).

But only 14 bids were successful.