The blockchain company has been pushing hard into the CBDC space since
piloting its CBDC Private Ledger aimed at central banks in March 2021.
Ripple may soon unveil positive developments in its central bank
digital currency (CBDC) projects, following hints from Ripple CBDC
advisor Antony Welfare of more announcements to come.
Crypto
influencer Sentosumosaba had shared on Twitter on Sept.6 that Ripple was
in the midst of several CBDC pilot programs including one in Bhutan and
the other in Palau.
Ripple’s senior advisor Welfare, who handles
CBDC Europe and Global Partnerships responded on the same thread,
teasing there could be “more CBDC announcements” in the “next few
weeks.”
Thanks @sentosumosaba for the mention - make sure you follow me for more CBDC announcements in the next few weeks
— Antony Welfare (@AntonyWelfare) September 6, 2022
The company has become increasingly active in the development of
central bank digital currencies since piloting a private version of the
XRP Ledger in March 2021, providing a platform for central banks to
securely issue CBDCs.
Just last week, Ripple was identified as one
of the initial participants of a “Technical Sandbox Program” launched
by U.S.-based think tank Digital Dollar Project, aimed at exploring the
potential technical and business ramifications of a CBDC in the United
States.
Ripple also joined the European think tank Digital Euro
Association as a supporting partner in February to jointly drive the
development and growth of CBDCs and the Digital Euro.
In September 2021, Ripple Labs announced it was partnering with the Royal Monetary Authority of Bhutan
to pilot a CBDC in the south-central Asia kingdom to issue and manage a
digital ngultrum, aimed at improving cross-border payments.
Part One: Learn more about the @ripple #CBDC
— Antony Welfare (@AntonyWelfare) September 5, 2022
solution which is built on a private ledger which is based upon XRP
Ledger technology—a proven blockchain that has transacted over 70
million times over the course of 10 years #xrpl pic.twitter.com/HL6lhYhLDJ
Two months later, the blockchain company formed a partnership with the Republic of Palau to help the Pacific island develop its own climate-friendly digital currency, though it said it would act more like a USD-backed stablecoin than as a CBDC.
Related: Ripple’s plan to tokenize Colombian land stalls amid new administration
In June, the blockchain company also launched its first online CBDC hackathon called “Ripple CBDC Innovate.”
The
competition attracted 483 participants to build CBDC-focused
applications that either improve interoperability of CBDCs and digital
assets, make it easier for retail use and interaction, or bring banking
to underserved populations.
According to the CBDC Innovate
website, the first stage finalists are set to be announced on Sept. 8,
who will then move to the second phase of the competition.
Part Two: Learn more about the @ripple #CBDC solution: built on a private ledger, which is based upon XRP Ledger technology—a proven #blockchain which has closed over 70 million blocks over the course of 10 years #xrpl #cbdcs #futurepayments pic.twitter.com/ks53QzMg26
— Antony Welfare (@AntonyWelfare) September 6, 2022
source link : https://cointelegraph.com/news/ripple-advisor-teases-more-cbdc-announcements-in-the-next-few-weeks
