Brazil Central Bank Selects Chainlink for Drex Project
Brazil’s Central Bank partners with Chainlink, Microsoft, Banco Inter, and 7COMm for Drex CBDC pilot, utilizing blockchain technology to revolutionize supply chain and trade finance processes. Chainlink’s Cross-Chain Interoperability Protocol has processed over $16 trillion in transactions and will enable secure cross-border functionality between Brazil’s Drex platform and foreign central banks. Brazil’s Central Bank (BCB)…