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Market
Will Brazil's central bank announce a pilot CBDC using Ripple's technology by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Brazil's central bank or reputable financial news outlets
Story
Ripple Partners with Mercado Bitcoin to Launch $XRP and CBDC Payments Solution in Brazil
Oct 3, 2024, 02:30 PM
Ripple has partnered with Mercado Bitcoin, Brazil's largest cryptocurrency exchange, to launch a managed end-to-end payments solution in Brazil. This partnership aims to streamline treasury operations between Brazil and Portugal, enhancing cross-border payment efficiency via Ripple’s managed payments solution. Ripple's high-speed payment solution, Ripple Payments, is now live in Brazil, marking a significant expansion of Ripple's reach in Latin America. The solution also supports CBDC payments, and Ripple's cryptocurrency, $XRP, is integral to the system.
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Yes • 50%
No • 50%
Implemented as proposed • 25%
Implemented with modifications • 25%
Not implemented • 25%
Postponed indefinitely • 25%
Yes • 50%
No • 50%
Passed • 25%
Rejected • 25%
Postponed • 25%
Withdrawn • 25%