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today we'll discuss some big news that
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could lead to hetero power in google
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google cloud announced on the 27th of
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january that they are forming a new team
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dedicated to digital asset development
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which would be based on blockchain
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the google cloud blockchain initiative
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was created with the goal of utilizing
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and taking use of the inherent benefits
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of dlt technology such as scalability
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security and improvements in sustainable
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infrastructure to help organizations
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google cloud has stated that companies
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such as hetero have taken advantage of
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google cloud services in order to
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improve scalability flexibility and
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following this news rich viedman a
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google employee revealed that he will be
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in charge of google's digital asset
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vietman's statement about his engagement
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in google's digital asset development
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corresponds with his role on hetero's
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legal and regulatory committee
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vidman's involvement with google and
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hetero has led to him being a regular
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presence at hetero governing council
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he is now the head of digital asset
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development at google
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in collaboration with google cloud they
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plan to develop and integrate blockchain
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technology into their frameworks
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hashgraph technology is already being
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dr lehmann baird the author of the
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hashgraph algorithm claimed in an
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interview that google is one of many
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companies that use the header network
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viedman's direct link with hetera is
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reinforced by google's membership on the
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header governing council which means
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that google owns and manages a header
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node and thus directly contributes to
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the broader heteronetworks consensus
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google is already familiar with
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hashgraph technology and the benefits it
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offers over blockchain technology
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particularly in terms of scalability
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security and finality
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google cloud may try to harness
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hashgraph technology and incorporate it
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into their frameworks
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according to google cloud the
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corporation has turned to blockchain and
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distributed ledger technology for the
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delivery and development of software and
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data activity owing to dlt and
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blockchain's capacity to speed up
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software development processes
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due to the network's remarkable and
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speedy capacity to validate transactions
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in a seamless manner hedera could be the
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right platform to support such acts
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hedera is able to validate over 10
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thousand transactions per second thanks
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to its use of the hashgraph consensus
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this is worsened by the network's
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ability to validate an almost infinite
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number of transactions per second when
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header also boasts the best level of
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security among proof-of-stake dlts owing
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to the fact that it employs a
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military-grade security parameter in
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asynchronous byzantine fault tolerance
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furthermore google cloud has indicated
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that their long-term goal is to be
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carbon-free in terms of energy usage
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in order to achieve these goals google
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cloud may look to header as hashgraph
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hashgraph technology on the other hand
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has the ability to deliver carbon
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negative transaction validation and
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the heteroa network's carbon negative
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and low energy consumption
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characteristics see the network
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immediately adhering to and complying
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with google cloud's goal of becoming
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in light of dlt developments the
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potential leverage of hedera's network
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will speed up such operations
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in addition google cloud may be able to
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use hedera's network directly
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representatives from google cloud have
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openly discussed and given their
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opinions on how hetero may be used
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directly and tokenization advances in a
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variety of industries and businesses
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google cloud is putting a lot of effort
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into incorporating blockchain and
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distributed ledger technologies into
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because of google's direct relationship
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with hetera it's possible that hetero
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will become the platform of choice for
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innovations in the use of dlt
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what are your feelings towards hetero
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do you think hetero will be used by
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please share your thoughts in the
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on the 2nd of march an article headlined
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after collecting 4 million dollars
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imtech enables central banks across
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africa and the caribbean to implement
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regulatory sandboxes went into depth on
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em tech's involvement in a number of
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the report explained how m-tec has grown
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in recent years stating that the
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business which completed a successful
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pilot in africa has signed five
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agreements with central banks on the
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continent and in the caribbean region
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following a successful trial in ghana
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last year m-tech has now moved into
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this next level of development comes on
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the heels of a four million dollars
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initial round from a number of investors
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we started 2021 with one central bank
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and concluded with five regulators
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joining up for pilots and onboarding
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said in tech ceo and founder carmel
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we officially introduced the digital
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regulatory platform in 2022 in tech has
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been involved in cbdc innovations in
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recent years and they have stated their
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ambition to expand their cbdc
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development work with other central
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according to the article in tech expects
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to engage with at least 10 central banks
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before the end of the year
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it also intends to launch the first
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iteration of a central bank digital
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currency platform for regulators
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capitalizing on the burgeoning digital
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we've taken a really strong partnership
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with a digital ledger technology company
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called hetera hashgraph with whom we've
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partnered to build a highly performant
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enterprise and energy-efficient cbdc
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imtech is the first fully regulated
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forum for cbdc ideas and advancements
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whereby the fintech firm has the ability
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to implement and leverage cbdc advances
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while remaining compliant with
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regulatory requirements
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mxcbdc utility will be a clear candidate
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for central banks to immediately
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incorporate mtex offerings into cbdc
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efforts due to the regulatory nature of
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the fintech company's cbdc utility
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as a result it appears that numerous
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central banks will use imtek's cbdc
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within tech competing to give its cbdc
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regulatory sandbox platform to a number
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of central banks in light of cbdc
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activities headers consensus service may
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see a boost in its utility at the same
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imtech uses the hedera network directly
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with the hashgraph organization's
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consensus service integrated directly
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into intexcore cbdc system in tech chose
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hetera because of its great energy
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efficiency as well as its flexibility
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scalability decentralization and
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sustainability in light of cbdc advances
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the fast fair and secure hashgraph
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consensus technique which provides an
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asynchronous byzantine fault tolerant
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ordering service within and between each
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network will be used by intex's private
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the possibility of 10 central banks
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employing in-text cbdc offering will
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necessarily boost the header and
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network's overall utility in actively
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verifying acts on such cbdcs
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with the central banks of nigeria and
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ghana publicly using mtech's regulated
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cbdc sandbox the potential for such
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central banks to use imtek's cbdc
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platform and a live cbdc would be
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significant for the total header and
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network and active capacity to induce
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increases in bar transactions
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in light of cbdc advancements we're
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keeping an eye on the inherent benefits
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linked with the hetero network
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mance harman the ceo of hetera explained
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how the company could be used in cbdc
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hetero might be a crucial platform in
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the new era of finance in cbdc's with
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imtek intending to integrate its cbdc
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frameworks into central bank
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developments around the world
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what are your feelings towards hetero
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is hetero the cbdc of the future
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please leave a comment below
