Brazil’s Central Bank, Microsoft Brazil, Chainlink and 7COMm Pilot CBDC Trade Finance Solution
The Fintech Times
NOVEMBER 23, 2024
Continuing the second phase of piloting its central bank digital currency (CBDC), Drex, the Central Bank of Brazil (BCB) has selected Brazilian digital bank Banco Inter , Microsoft Brazil , blockchain platform Chainlink , and 7COMm , a decentralised finance-focused firm, to build a trade finance solution. The Central Bank of Brazil is aiming to demonstrate the automated settlement of agricultural commodity transactions across borders, across platforms, and via different currencies.
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