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Ripple Rolls Out CBDC Platform for Governments, Financial Institutions
source link: https://fintechranking.com/2023/05/18/ripple-rolls-out-cbdc-platform-for-governments-financial-institutions/
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Ripple Rolls Out CBDC Platform for Governments, Financial Institutions
Ripple is rolling out a proprietary platform for central bank digital currencies (CBDCs), enabling central banks, governments, and financial institutions to create their own digital currencies.
Described as “a frictionless end-to-end solution,” the Ripple CBDC Platform builds on Ripple’s Private Ledger, which was first introduced in 2021 for CBDC issuance. It’s based on the same blockchain technology as the XRP Ledger (XRPL), which was also designed primarily for payments.
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