Crypto News Bulletin from thenewscrypto

Tuesday November 19, 2024 4:26 PM
1 day 19 hours ago

Brazil’s CBDC Pilot Enters Phase 2, Leveraging Blockchain and Oracles


To enhance supply chain procedures and cross-border agricultural commodity transactions, the second phase of the Drex central bank digital currency (CBDC) pilot was established by Brazil’s central bank, Banco Central do Brasil (BCB). Moreover, in the second stage, it will employ blockchain and oracles to create a trade financing solution.

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