Latin American Central Banks Discuss Digital Money Future at MERGE Sao Paulo

At MERGE Sao Paulo on March 19, representatives from central banks and the private sector engaged in discussions about the future of digital money in Latin America. According to NS3.AI, the event highlighted CB Web3, a test network involving 12 central banks. Additionally, speakers noted that Brazil's Drex project has shifted to a simpler non-blockchain use case after privacy tools on Ethereum did not meet expectations during tests with 16 financial institutions.