Honduras Consults Public on Issuing CBDC

Honduras Opens CBDC Issuance Public Consultation

The Central Bank of Honduras is seeking public input on the issuance of a central bank digital currency (CBDC) as part of its efforts to modernize the country’s payment systems. The bank has released a report titled “The Future of Money and Payments in Honduras, which route to Follow?” which explores the necessary legal changes to adopt a CBDC. The public consultation includes questions about the central bank’s role in the national payments system, with options such as launching a CBDC or promoting the adoption of stablecoins.

The Central Bank of Honduras is considering issuing a CBDC and is seeking public input on the matter.
The bank’s report explores the legal changes needed to adopt a CBDC.
The public consultation includes questions about the central bank’s role in the national payments system.
Options presented in the consultation include launching a CBDC, designing a bank-managed payments system, and promoting stablecoins.
Honduras faces challenges in financial inclusion, with only 33% of the population having access to a bank account.

Venezuela Officially Applies to Be Part of BRICS

Venezuela has officially applied to join the BRICS bloc, which consists of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro expressed optimism about the reception of the proposal by the bloc. Brazil’s President Luiz Inacio “Lula” de Silva has expressed support for Venezuela’s entrance into BRICS. The applications of 25 nations will be discussed at the upcoming BRICS summit in South Africa.

Venezuela has submitted an official application to join the BRICS bloc.
Venezuelan President Nicolas Maduro is optimistic about the reception of the proposal.
Brazil’s President Luiz Inacio “Lula” de Silva supports Venezuela’s entrance into BRICS.
The applications of 25 nations will be discussed at the upcoming BRICS summit.
The summit will take place in South Africa.

Trubit Integrates Pix Payments in Brazil

Trubit, a cryptocurrency wallet and exchange platform focused on Latin America, has integrated Pix functionality into its platform, marking its entry into the Brazilian market. Pix is the most used payment system in Brazil, accounting for 30% of transactions in 2022. With the integration of Pix, Trubit allows Brazilians to deposit and withdraw Brazilian reales on its platform. Trubit’s CEO, Maggie Wu, believes that this integration will improve the user experience on their platform.

Trubit has integrated Pix functionality into its platform.
Pix is the most used payment system in Brazil, accounting for 30% of transactions.
Trubit now allows Brazilians to deposit and withdraw Brazilian reales on its platform.
Trubit’s CEO expects the integration to enhance the user experience.
Trubit previously launched a Mexican peso-pegged stablecoin called MMXN.

Hot Take: Honduras’ public consultation on a CBDC demonstrates the country’s commitment to modernizing its payment systems and improving financial inclusion. Venezuela’s application to join BRICS reflects its desire to strengthen economic ties with influential nations. Trubit’s integration of Pix payments in Brazil positions the platform to tap into the growing popularity of digital payments in the country.