In the different forms they can take, private or issued by central banks, digital currencies are becoming a reality around the world. In addition to the alleged advantages in terms of transaction cost reduction and agility, the creation of central banks digital currencies can alter the distribution of monetary power in a global context marked by instability and crisis. Economic, social, and political impacts at the domestic level have been underexplored. The huge success of the instant payment system launched by the central bank in 2020 (Pix) and the launching of the Brazilian Central Bank digital currency (Drex) foreseen to take place in 2024 make this an interesting case for understanding in more depth the potential impacts of the digitalization of finance and the creation of central banks digital currencies at the domestic, regional, and global levels.