Chainlink has announced its involvement in a cross-border settlement experiment between the Central Bank of Brazil and the Hong Kong Monetary Authority. This initiative, part of Brazil's Drex project, utilized Chainlink's Cross-Chain Interoperability Protocol (CCIP) to automate blockchain transactions, with participation from major financial institutions such as Standard Chartered and Banco Inter.
The announcement has sparked debate within the XRP community. Some members express concern that institutions may prefer Chainlink over XRP for settlement solutions. However, XRP supporters maintain confidence in XRP's performance and note that Chainlink's announcement did not emphasize the experimental nature of the project.
Chainlink Facilitates Brazil-Hong Kong Cross-Border Settlement Test
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