A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency. the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain.
Well, there is two things that make the crypto change its way, Adoption and Decline. As I can see, brazilian national social development bank is going to somehow adopt on ethereum block chain which is good for the cryptocurrency industry.