Ripple featured CBDC tech for years, dumped it after Trump victory
Ripple featured CBDC tech for years, dumped it after Trump victory For years, Ripple funded Central Bank Digital Currency (CBDC) initiatives aimed at using its XRP Ledger (XRPL) for inter-central bank settlements. However, while the company once hoped that US Democrats like Kamala Harris would help bring its technology into the largest central bank of them all — the US Federal Reserve — it swiftly downplayed this stance during the closing stages of Donald Trump’s second successful run for president. Ripple’s CBDC initiatives date back to 2015, and it continued pushing for them through mid-2024. Indeed, as recently as June last year, Ripple.com was prominently featuring CBDCs on the “Solutions” tab of its homepage. But within a few days of Trump’s Bitcoin 2024 conference speech in which he promised to prohibit any US dollar CBDC, Ripple scrubbed any reference to CBDCs from its homepage . Ripple deleted their pro-CBDC page afte...