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introduction hello and welcome back to our Channel today were going to talk about digital currency in Brazil and what you need to know about this growing Trend as more and more people turn to digital currencies as a way to transact securely and quickly its important to understand how this trend is playing out in Brazil section one what is digital currency digital currency is a type of currency that exists only in digital form its not physical like traditional cash or coins and its not backed by any physical commodity like gold or silver instead its created and transferred using complex algorithms and cryptography section 2 the state of digital currency in Brazil Brazil has been slow to embrace digital currency but things are starting to change in recent years the Central Bank of Brazil has been studying the feasibility of creating a digital version of the Brazilian real this digital currency would be backed by the Central Bank making it a more secure and reliable form of digital
