As governments and financial institutions explore central bank digital currencies (CBDCs), older reports discussing blockchain platforms are receiving renewed scrutiny.
Crypto researcher SMQKE has highlighted one such document on X, pointing to a report that references Ripple and XRP as potential technology for a European CBDC and outlines why the network was viewed as a suitable option compared with other blockchain platforms.
The post focused on a section of a CPA Australia report that cites France as having “openly discussed Ripple/XRP as a possible platform to Europe’s central digital currency.” SMQKE presented the passage as documented evidence supporting the view that XRP has been considered for CBDC-related infrastructure.
According to the excerpts attached to the post, the report also references Ripple’s proposal to develop a private version of the public XRP Ledger for central banks. The document states that the platform was designed to provide a secure, controlled, and flexible solution for issuing and managing digital currencies.
Digital Euro 🤝 XRP
“A report by CPA Australia notes that France has ‘openly discussed Ripple/ XRP as a possible platform to Europe's central digital currency’ and the reiterates the PREFERENTIAL features of XRP as:
Ripple and XRP enjoy the trust of many banks as a model for… https://t.co/TlAuK32fDY pic.twitter.com/oZdyBJ5vge
— SMQKE (@SMQKEDQG) July 16, 2026
Report Compares XRP With Bitcoin and Ethereum
The attached pages explain why many central banks may require a permissioned blockchain rather than an entirely public network. The report states that fully open systems, such as Bitcoin, may not satisfy the privacy, transaction speed, and scalability requirements associated with CBDCs. It also notes that public permissionless networks may struggle to meet the transaction volume expected for central bank payment systems.
SMQKE emphasized another section of the report, which says Ripple and XRP enjoy the trust of many banks because they operate through a permissioned network where only selected nodes validate transactions. The report contrasts this model with Bitcoin and Ethereum, which it describes as decentralized and permissionless.
Based on those findings, SMQKE concluded that XRP is the superior asset for issuing a CBDC such as a potential digital euro, arguing that it is more suitable than Bitcoin and Ethereum for that role.
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The highlighted document also states that some characteristics of public blockchain technology may conflict with central bank requirements. However, it adds that modified configurations of existing blockchain technology can satisfy the security, control, and speed needed for CBDC projects.
Community Adds Context to the Discussion
The post also prompted responses from members of the XRP community. XRP Army Grunt acknowledged that DTCC’s tokenization launch and Ripple Prime’s participation are genuine developments but stressed that neither confirms DTCC is using XRP. The commenter also noted that there is currently no confirmed evidence showing XRP has been selected as the platform for the proposed digital euro.
Another community member, Karla Milenia, shifted the discussion toward U.S. regulation. She explained that without approval of the CLARITY Act by U.S. lawmakers, cryptocurrency adoption could continue to progress slowly in the country, as other jurisdictions advance more rapidly in developing digital asset regulations and CBDC initiatives.
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