Caixa, Bradesco and Inter “unite” and the news is made official by the B.C

Stop everything you are doing to find out the details about the union of Caixa, Bradesco and Inter, as new information is announced

It is not news to anyone that in Brazil we can rely on large financial companies that are on call 24 hours a day to better understand their customers. Among the giants we can mention: Caixa, Bradesco and Inter.

Therefore, it is very important for everyone to know that the mentioned banks have just been “merged” and the news has been made official by the Central Bank. Should we check it out?

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Well, according to information from the Exame portal, on the subject of the new digital reality, Drex, Bradesco, Inter and Caixa are already implementing the first simultaneous transfer between 3 banks.

What is Drex?

For those who do not know, Drex is a digital currency project created by a central bank, which will provide a safe and regulated environment for generating new business.

In this way, Caixa, Bradesco and Inter participate together in the pilot testing phase of the Brazilian Central Bank’s digital currency.

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However, the operation carried out simultaneously between the two companies took place as part of the testing of the pilot phase of the central bank digital currency, which is being developed by Brazil.

According to the report, the transfer was made using the bank’s token reserves. Okay, but what does that mean? Well, they are the ones that are inserted into the blockchain network, from Caixa and Inter, which are then sent at the same time, by the banks to Bradesco.

Bradesco then brought back the reserves in a successful operation. In other words, it’s just a reason to celebrate.

Now, with this progress, the main goal of BC is to evaluate the feasibility of interbank operations through CBDC, based on blockchain technology. In other words, we can only wait and see what our steps will be with this new technology.