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Ripple Making Progress With CBDC Solutions: Details

Ripple, the leading crypto solutions company, has been working on a Central Bank Digital Currency (CBDC) that would give governments an alternative way to issue money. Therefore, the cross-border payments facilitator continues to innovate to help enterprises and developers prepare and build for a crypto-enabled world. 

According to Antony Welfare, a senior advisor at Ripple, progress has been made in the deployment of CBDC solutions. He added that the Ripple community should be expecting major CBDC announcements in the coming weeks. 

As revealed by a popular member of the XRP community, the CBDC advisor at Ripple said in a June interview, 

Ripple has several pilots in progress for CBDCs, including the Royal Monetary Authority (RMA) of Bhutan and the Republic of Palau.”

“For Ripple, Crypto is in our DNA: our RippleX business unit is focused on making it easy for developers to build on and with the XRP Ledger, as well as partnering with others in the crypto space on use cases like NFTs and CBDCs (aka tokenized assets).”

Read Also: Crypto Whale Grabs Additional 500 Million XRP, Spends Only $0.0000039 As Fee

Ripple Adoption Grows

Amid the ongoing legal battle with the United States Securities and Exchange Commission (SEC), Ripple has partnered with many financial institutions and banks around the world to foster cross-border payments.

It is worth noting that over 50 countries have embraced Ripple’s solutions and financial technology to enhance the real-world application of blockchain technology. Overall, the company is adding great value to financial services worldwide. 

As Ripple’s impact on the world keeps standing out, the World Economic Forum (WEF), the international organization for public-private cooperation has embraced the crypto solution company as its partner. 

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In addition, the independent and not-for-profit Forum commented that Ripple is doing for value what the internet did for information. 

Meanwhile, whales have been moving large amounts of the Ripple digital token from and to exchanges.


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Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom joined the crypto and blockchain industry in 2019. He is an all-rounded crypto content writer. He mostly covers industry news, developments, and other educational resources. He believes that proper crypto awareness is instrumental to achieving mass adoption.
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