Banco do Brasil (BB) announced on Wednesday (26) the start of tests for a new platform aimed at facilitating interaction with Drex, the digital currency of the Central Bank. The information was released during Febraban Tech, technology and innovation event of the financial system, what is happening in São Paulo
The platform, initially intended for the employees of the bank's business areas, simulates operations such as issuance, rescue and transfer of Drex, in addition to transactions with tokenized federal public securities. According to the BB statement, the solution allows "in a simple and intuitive way" the testing of the use cases planned in the first phase of the pilot project of the Central Bank's digital currency
Rodrigo Mulinari, technology director of BB, emphasized the importance of becoming familiar with these procedures, once access to the Drex platform will require an authorized financial intermediary
The test is part of the Drex Pilot, phase of experimentation of the digital currency. The first stage, that ends this month, focus on validating privacy and data security issues, in addition to testing the platform's infrastructure. The second phase, scheduled to start in July, will incorporate new use cases, including assets not regulated by the Central Bank, which will also involve the participation of other regulators, how the Securities and Exchange Commission (CVM)
This initiative from Banco do Brasil represents a significant step in the development and implementation of the Brazilian digital currency, demonstrating the commitment of the banking sector to financial innovation
