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Brazil’s Central Bank (BCB) Partners with Microsoft Brazil, Banco Inter, 7COMm, and Chainlink for CBDC Pilot Program

Brazil’s Central Bank (BCB) Partners with Microsoft Brazil, Banco Inter, 7COMm, and Chainlink for CBDC Pilot Program

11/20/24, 11:08 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/BR.svgbrazil
Industry
lending
financial services
Type
partnership
The Central Bank of Brazil (BCB) has launched the second phase of its central bank digital currency (CBDC) pilot program, known as DREX, in partnership with Microsoft Brazil, Banco Inter, 7COMm, and blockchain technology provider Chainlink. The collaboration focuses on testing new methods for international trade and payments, specifically targeting the automation of international commodity transactions using blockchain technology and digital payment systems.

Company Info

Company
Brazil’s Central Bank (BCB)
Location
brazil
Additional Info
Brazil’s Central Bank (BCB) is responsible for monetary policy and the regulation and supervision of the Brazilian financial system.