Brazil’s Central Bank has partnered with Chainlink, Microsoft Brazil, and Banco Inter for the second phase of its Drex CBDC pilot, focusing on cross-border trade finance. The initiative will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to tokenize Electronic Bills of Lading (eBoL) and automate payments in agricultural commodity transactions, enhancing efficiency and transparency in global trade. Microsoft will provide cloud infrastructure, while Banco Inter leads implementation. Is $LINK undervalued? Source: The Defiant
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