Brazil’s central bank digital currency pilot, Drex, is facing challenges after Microsoft and EY scaled back their involvement due to the central bank not approving any privacy solutions in the second phase of testing. As a result, the project’s development is stagnant.
Ripple’s acquisition of Hidden Road for 1,250,000,000 USD aims to boost XRP’s utility in facilitating instant transactions and bridging blockchain with traditional finance, potentially transforming cross-asset financial settlements.
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