Ripple CBDC Platform Will Help Central Banks to Launch Quickly
In the latest, Ripple has also joined hands with the Hong Kong Monetary Authority (HKMA) for the launch of the e-HKD Pilot Programme. advertisement The Ripple CBDC platform will provide a way to increase financial inclusion and cut the risk of domestic and cross-border payments. Ripple will leverage the power of blockchain technology used for the XRP Ledger and will allow stakeholders to manage and customize the entire life-cycle of fiat-based CBDC, transactions, and distribution. As a result, the Ripple CBDC Platform will allow governments and central banks to overhaul their financial services with digitization while promoting access to millions of people across the world. Surangel Whipps Jr, President of the Republic of Palau, praised Ripple’s CBDC Platform while explaining how it’s helping them to build their own solutions. He said: “Partnering with Ripple to help create our national digital currency is part of our commitment to l...