XRP Ledger Partners with BTG Pactual to Mirror Brazilian Fund Records
The XRP Ledger has announced a significant partnership with BTG Pactual, a Brazilian fund manager. According to the agreement, the XRP Ledger will mirror selected records of the CSD BR's BRL 22 trillion asset base. This move is part of the first phase of the Brazil project, aimed at institutional auditing.
The XRP Ledger uses consensus rather than proof-of-work mining, which means there is no XRPL mining reward for renting computing power. Therefore, cloud mining is not possible on the XRP Ledger.
There has been misinformation circulating about the Brazil fund deal, with some claiming that XRP holders would receive income from the project or that it guarantees a return on investment. However, this is not accurate according to the official announcement.