Privacy, market maturity hurdles facing Brazil’s CBDC rollout

Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil’s central bank digital currency (CBDC) is ready for widespread use. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024. They are using distributed ledger technology that’s based on Ethereum Virtual Machine. The bank hopes to open testing for new protocols after May next year,  and launch tests with the broader population by end-2024.

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Brazilian foodtech startup Nuu raises US$4M to scale its carbon-neutral cassava-based products

September 7, 2023

Based in Minas Gerais (Brazil), the foodtech startup Nuu has successfully raised $4 million in a funding round to scale the distribution of their carbon-neutral food products made from cassava, a staple root vegetable in Brazil and South America. In addition to their flagship cassava-based cheese bread, Nuu produces various products, including tapioca sticks, cassava-based pizza dough, naturally colored cheese bread.

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LocalGlobe and Pronomos Capital back Itana to pave the way for Africa’s first digital free zone

September 7, 2023

Talent City, now known as Itana, has raised a US$2 million pre-seed, money it intends to use to establish a digital free zone. Itana, founded by CEO Luqman Edu, COO Coco Liu and  ex-Andela and Flutterwave co-founder, Iyin Aboyeji, a founding investor, is primed to be Africa’s first digital free zone. The founders say the funding will support the startup’s efforts to improve Nigeria’s ease-of-doing-business index, drive foreign direct investment (FDI), and catalyze employment in Nigeria.

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Microsoft Lets Publishers Block Bing Chat Separately from Bing Search

September 26, 2023

Nearly one-third of major news publishers have blocked generative AI tools from reading their content.   But that’s a drastic measure which could also exclude their results from conventional search engines.  Microsoft has just given publishers the option to block access by Bing Chat without also removing their content from search results.  We’ll see if competitors do the same.

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