Ripple Advisor Reveals More CBDC Announcements Coming Next Week

Blockchain-based payments company Ripple may make announcements regarding central bank digital currency (CBDC) in the coming weeks.

Ripple Advisor Reveals More CBDC Announcements Coming Next Week

Ripple Senior Advisor for CBDC and global partner Antony Wosystem hinted that the San Francisco-based company could make an announcement as XRP-focused CryptoEri analyst shared that Ripple is working on some... related projects.

“Make sure you follow me for more CBDC announcements in the coming weeks”

In June, welfare told The Paypers in an interview that Ripple is working on Work on CBDC solutions with several pilot programs underway.

“Ripple is continuing to innovate – e.g. with NFT [non-fungible token], CBDC – helping businesses and developers prepare and build for a crypto-powered world death. Ripple has several pilot schemes for CBDCs, including the Royal Monetary Authority (RMA) of Bhutan and the Republic of Palau. Weath, an enterprise blockchain technology expert, says that Ripple's CBDC solution is based on the XRP Ledger (XRPL), the decentralized network that has so far processed more than 70 million blocks over the past 10 years. five.

He said that Ripple is also participating in the Digital Dollar Project, which aims to explore a range of technical design options for US-issued CBDCs.

“CBDC Team Ripple News: Digital Dollar Project Launches Technical Sandbox Program to Explore CBDC Infrastructure Solutions including Ripple XRPL.”

Sep 09, 2022

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