Brazilian central bank will make Pix open source

Communications protocols will be open to all “for free”


The Central Bank of Brazil will make the communications protocols behind its Pix payment system open source, governor Roberto Campos Neto said on November 11.

Speaking to the CFA Society, Campos Neto said the central bank would make the protocols public this month, “so that all central banks that wish to can copy [them], for free”.

In his talk, Campos Neto also said the central bank wanted to encourage banks to hold digital assets. This would avoid too many being held by a few crypto exchanges

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