As the Brasil market for digital assets and adoption to new technologies rise, the country is becoming the leader in adoption on blockchain technologies.
At the same time, brasilians living abroad still send remittances to the country in the traditional way.
What if we could open a corridor of remittances using the Celo reserve?
This proposes to add a new stable asset “cBRL” that is pegged to the BRL currency. I think it contributes with the Celo mission if we can give the possibility of send currency abroad making cheaper, instant and using only a mobile phone.
Let me know what you think!