Ripple's New Era: Embracing CBDCs and Elevating XRPL in 2023
Ripple shifts its focus to Central Bank Digital Currencies in 2023, enhancing its role in global fintech.
![image Cheng Yuan](https://image.coinlive.com/24x24/cryptotwits-static/d72925aa1ab0dd6c7c2d9d35f3cce279.png)
Ripple shifts its focus to Central Bank Digital Currencies in 2023, enhancing its role in global fintech.
Ripple's report on CBDCs reveals their potential to transform financial systems and promote inclusion, despite inherent challenges.
Palau's Ripple-powered CBDC pilot receives positive feedback, showcasing satisfaction among volunteers and retailers. Despite minor hiccups, the Ministry of Finance plans to expand the stablecoin's usage nationally, emphasizing convenience and cost-effectiveness. The digital residency program complements Palau's crypto-friendly initiatives.
James Wallis, Ripple's Vice President, specializing in central bank engagements and Central Bank Digital Currencies (CBDCs), recently emphasized the transformative potential of CBDCs in boosting global financial inclusion.
Ripple and Georgia's National Bank collaborate to explore CBDC implementation, contributing to global digital currency modernisation.
Beneath the surface of CBDCs: uncovering concerns about Central Bank Digital Currencies
This pilot program will involve both private banks and public institutions, with technical expertise provided by the Bank for International Settlements (BIS).
While noting the possibility of market interest, the Bank underscored the formidable two-sided payment market barriers essential for CBDC's utility.
While the International Monetary Fund (IMF) announced that it is working on a platform for digital central bank currencies (CDBCs) ...
India remains firm on its idea to introduce the Central Bank Digital Currency (CBDC) in 2022-23. In the recent most ...