Blockchain Gaming
Brazil's Central Bank Plans 'Super App' with AI and CBDC Integration
Friday. July 26 at 11:30 PM
1 min. readBrazil's Central Bank, Banco Central do Brasil, has revealed plans to create a 'super app' that will combine artificial intelligence (AI) and the country's central bank digital currency (CBDC), known as 'Drex.' The goal is to enhance digital financial services by incorporating instant payment methods like Pix and utilizing AI technologies similar to OpenAI's ChatGPT. Central Bank President Roberto Campos Neto presented the vision at the Blockchain Rio forum, emphasizing the importance of financial inclusion, security, and convenience for Brazilian citizens. The 'super app' is expected to consolidate various financial functions into a single platform, reducing the need for multiple banking apps. Additionally, the initiative has received praise for its forward-thinking approach in the CBDC space. Collaboration with Caixa Econômica Federal on advanced payment solutions and testing offline payments using Drex further demonstrates Brazil's commitment to digital financial inclusivity.