Ripple Confirms Collaborations with 10 Governments on CBDCs Initiatives
The post Ripple Confirms Collaborations with 10 Governments on CBDCs Initiatives appeared on BitcoinEthereumNews.com.
Ripple is collaborating with ten governments on CBDCs, aiming to enhance the utility of the XRP Ledger and develop stablecoins for global financial inclusion. Ripple’s CEO, Brad Garlinghouse, has confirmed that the company is actively collaborating with ten governments worldwide on Central Bank Digital Currencies (CBDCs). This was spotlighted by The Good Morning Crypto’s X account. Notably, Garlinghouse views a Central Bank Digital Currency as a stablecoin issued by the government. Ripple wants to enhance the utility of the XRP Ledger (XRPL), as it moves from speculation to practical application in 2024. 🚨 HUGE RIPPLE $XRP NEWS! 🚨 RIPPLE CEO CONFIRMS HIS COMPANY IS WORKING WITH 10 GOVERNMENTS AROUND THE WORLD ON CBDCs. 👀🌎 “A Central Bank Digital Currency Is A Stablecoin, It’s Just Issued By The Government” — @bgarlinghouse The Game Is Changing For The #XRPL… Moving From… pic.twitter.com/zvExCcEHYS — Good Morning Crypto (@AbsGMCrypto) June 16, 2024 Reactions and Community Feedback The announcement has sparked a range of reactions within the crypto community. Some users speculate that the push for CBDCs might be the reason behind the swift release of RLUSD. One user expressed concerns about the implications of CBDCs on personal freedoms, questioning the enthusiasm for what they see as a potential loss of freedom. Why do you guys get excited for CBDCs??? They are the final play on losing our freedom. It baffles me how you guys cheer on our own demise — BigWig (@wiggins97_lee) June 16, 2024 Other community members focused on the practical aspects, highlighting the value of a network that supports free and stable value transfers without necessarily needing the internet. Ripple’s Global CBDC Collaborations Ripple has continued to partner with global governments. The firm collaborated with the Royal Monetary Authority of Bhutan to enhance digital and cross-border payments, leveraging the XRP Ledger’s infrastructure.…
Filed under: News - @ June 17, 2024 5:26 pm