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Ripple announced cooperation with central banks in the development of CBDC

Ripple is in talks with central banks to use XRP Ledger as the basis for national digital currencies (CBDC). This was announced by the general manager of RippleNet Ashish Birla.

“CBDC will be a major impetus for the adoption of Ripple technology. We are in the process of discussing the strategy with various central banks around the world, ”explained the top manager.

In the podcast, Birla talked about how the COVID-19 pandemic has contributed to the active expansion of the number of RippleNet participants. According to him, the network is going beyond payments and moving to credit products. The general manager also reported on ongoing efforts to resolve disputes with the US Securities and Exchange Commission (SEC).

Recall that Ripple filed a response to the SEC lawsuit, in which it offered the regulator to explain the discrepancy between Bitcoin and Ethereum in the definition of a security.

In December, CEO Brad Garlinghouse noted that the startup is ready to work with the new leadership of the regulator to resolve legal uncertainties.

In November, the head of Ripple expressed confidence that even the recognition of XRP as a security would not undermine the company’s business.

In January, Garlinghouse called 2020 a “landmark year” for Ripple.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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