The tourism sector has always relied on multiple intermediaries to operate efficiently. From hotel and airline reservations to car rentals, all these transactions involve contracts, rules, and policies that require the consumer’s trust in third parties. With the rise of decentralized technologies, a new paradigm emerges: the possibility that these contracts become self-executing — removing […]
Who truly knows you can surprise you. Those who know you only superficially can, at best, offer generic suggestions. This principle, so true in human relationships, is becoming a reality in the financial market. In the world of data, the depth of knowledge about a customer is what differentiates a product that truly meets their […]
The Central Bank has decided not to include new participants in this phase of the Drex Pilot. The project, which has proven to be technologically challenging, requires more intensive monitoring than initially expected. Riding the Carnival wave, we reflect that Drex’s challenges are not just technical, but also regulatory and commercial. The Central Bank and […]
Every innovation faces resistance. It’s always been this way. Many technologies we now consider essential were once met with skepticism — but over time, it became clear they brought more efficiency and practicality, and those who resisted had to adapt. DREX is no different. Even while still in testing, it already has its share of […]
But what happened? How did DREX, which seemed inevitable in shaping the financial future, simply cease to exist? DREX has come to an end. What was once announced as the great financial revolution has simply vanished. Central banks, fintechs, and digital giants no longer mention its name. The acronym “CBDC,” once synonymous with innovation, has […]
In a recent statement, Gabriel Galípolo, president of the Central Bank of Brazil, emphasized a point that has sparked debate in the market: Is DREX truly a Central Bank Digital Currency (CBDC), or are we dealing with a different concept? Around the world, CBDCs are often understood as a digital version of money issued by […]
Talking to machines used to be something out of science fiction—or something we only did to curse at them. Today, it’s part of everyday life. We ask smart speakers to play music, set alarms with voice commands, and check the weather on our phones. We live in the era of Conversational User Interfaces (CUIs), which […]
In 2025, Open Finance—which celebrates its fourth anniversary on Saturday (Feb 1st)—is set to incorporate more than ten new relevant institutions. The concept of OpenX continues to expand its frontiers, transforming how data is shared and utilized. From its origins in the financial sector with Open Banking to its extension into new industries and geographies, […]
At the intersection of the physical and digital worlds, real-world assets (RWAs) are gaining traction. Representing real estate, commodities, and other tangible goods, RWAs become even more powerful when connected to Drex. This combination promises to transform investment and financial transactions, bringing greater accessibility and efficiency. Tokenizing real-world assets RWAs are physical assets that can […]
The annual Drex Forum provided an overview of the advancements achieved so far and the next steps for the digital real project. Drex’s evolution and the first phase of the pilot This past week, the Central Bank of Brazil (BC) held the Drex Annual Forum in Brasília. The event provided an opportunity to review the […]