The Brazil Central Bank Taps Chainlink in New CBDC Trade Settlement Program ...Middle East

Brazil's central bank, Banco Central do Brasil (BCB), has tapped crypto project Chainlink in its latest push to use CBDC to foster international transactions. The partnership also involves major firms like Microsoft, the Hong Kong Monetary Authority (HKMA), Banco Inter, and 7COMm. Notably, it aims to enhance Brazil's central bank digital currency (CBDC) to facilitate swift cross-border transactions. Brazil Launches Phase 2 of Its CBDC Pilot Program BCB's Drex pilot program has entered its second phase, tapping key players in each sector to automate supply chain management and enhance cross-border transfers. The Brazilian Central Bank sees the pilot as an avenue to leverage blockchain techno

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