Brazilian currency, the Drex. Understand what this currency is, what its function is, and whether it will replace the real in the market.

And without making much suspense, we will already answer the question of the article: no, the Drex will not replace the real. In fact, the Drex IS the real, the official currency of Brazil, but in digital format, having the same value and acceptance as the real. Furthermore, the Drex is being developed by the Central Bank (BC).

Despite being a digital currency and using blockchain, the Drex, as it can only be issued by the Central Bank, is not classified as a cryptocurrency, but as a Central Bank Digital Currency (CBDC).