Why Ripple Partnered The Digital Pound Foundation To Develop CBDCs In The U.K.
Payment solution company Ripple will join the Digital Pound Foundation to develop a Central Bank Digital Currency (CBDC) for the United Kingdom. The company will become a foundation member and will be represented in its board by their Head of Policy Susan Friedman, according to an official post. Related Reading | David v. Goliath, How […]
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Days after the arrest of Do Kwon, the founder of Terra Labs, on fraud charges, Montenegro announced its intention to develop a central bank digital currency (CBDC) in partnership with Ripple, a blockchain company. Montenegro Partners With Ripple For CBDC Montenegro has expressed interest in digital currencies and approached Ripple to develop a pilot program and […]
The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape. The Digital Pound Foundation (DPF), a group of technology, innovation, and regulatory experts, has announced its launch as an independent non-profit organization in the U.K.According to a release issued on Thursday, the DPF will work to promote the implementation of a central bank digital currency (CBDC) in the country.Indeed, as previously reported by Cointelegraph, the U.K. government in April established a CBDC task force to explore preliminary matters related to the....
The partnership will help Palau be climate-friendly while enhancing its cross-border payments and digital currency technologies. Ripple, the digital payment network, has partnered with the Republic of Palau to help the Pacific island nation develop its own digital currency.The initial focus of the partnership will see the development of a USD-backed digital currency to help facilitate cross-border payments for the nation. The collaboration “could see the implementation of the world’s first government-backed national stablecoin in the first half of 2022” according to Ripple's....
The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to the official announcement, both parties signed a “Memorandum of Understanding” to deploy Ukraine’s crypto strategy. The National Bank of Ukraine has been exploring CBDC’s for some time, there are reports on the matter since 2016. The agreement will also strengthen the....
Ripple is looking to define its strategy regarding central bank digital currencies. Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs.According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger. With the new position, Ripple is looking to define its CBDC strategy with central banks, build relationships and projects, as well as educate global central....