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Dec 23, 2020 17:27 GMTCrypto News
Ripple looks forward to becoming smart contracts and decentralized finance (DeFi) friendly following a partnership with Flare Networks.
Unclear regulations in the United States could see Ripple make the United Kingdom a new home.
XRP is getting ready for an action-packed 2021 with a price prediction pointing to $3.
Ripple’s CEO Brad Garlinghouse believes the blockchain startup will soon go public through an IPO.
Describing 2020 remains a daunting task for many people across the globe. From the worldwide COVID-19 pandemic, black lives matter riots/protests in the United States, the dramatic US presidential elections, Brexit in the United Kingdom and the cryptocurrency market crash in March to the majestic recovery that led to a tremendous bull run in the last quarter of 2020.
Ripple (XRP) Exploring the Future of CBDCs in Cross Border Payments
Ripple (XRP) Exploring the Future of CBDCs in Cross Border Payments
December 16, 2020
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Interoperability is the key to uncovering the future of CBDCs. Central bank digital currency (CBDC) is the digital form of fiat money. This inspiration has come from the Bitcoin concept. However, CBDC is very different from cryptocurrency and virtual currency. CBDCs are not issued by the government and they do not have the legal tender status declared by the government.
CBDCs is at the state of proof of concept and it is not in real time execution. Several Central Banks are studying this concept. China’s central bank is in the forefront of “DC/EP”: Digital Currency/Electronic Payments. Lot of countries like Sweden on e-Krona; Uruguay for Uruguayan Pesos; and similarly lot of pilot CDBC programs are in existence.