Brazil’s Central Bank is looking to launch digital currency set by 2022

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Even though it’s not a winner-take-all competition, central banks first out of the gate might prove instructive to those who follow. Roberto Campos Neto, president of Brazil’s central bank, said the country’s new digital currency will work with its new instant-payments system.