CryptoMediaClub
Wednesday, July 30, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Ripple Unveils Blockchain-Powered CBDC Platform as XRP Price Maintains Gains

20.05.2023
A A
0
128
VIEWS
ShareShare

Ramping up its CBDC game, Ripple announced the launch of a new platform for central banks, governments, and financial institutions to issue their own central bank digital currency.

Dubbed ‘Ripple CBDC Platform,’ the offering will leverage the same blockchain technology used on the XRP Ledger (XRPL). The platform is developed to address multiple use cases, such as wholesale and retail CBDCs on a private ledger or issuing a stablecoin.

Ripple CBDC Platform

According to the San Francisco-based blockchain company, the aim is to “holistically manage and customize the entire life cycle of fiat-based central bank digital currency, transaction, and distribution.”

Following the development, James Wallis, Ripple’s VP of Central Bank Engagements & CBDCs, said,

“As a trusted partner to several central banks, we believe this platform will help solve problems for many central banks and governments who are devising plans and developing a technology strategy for CBDC Implementations.”

The exec added that innovative capabilities of the platform are expected to help facilitate instant settlement of both domestic and cross-border payments, mitigate risk vectors, and enhance the user experience of sending and receiving digital currency on either side of a transaction.

ADVERTISEMENT

As part of its global push for its CBDC platform, Ripple has onboarded the Republic of Palau to develop the country’s national digital currency on it. Surangel Whipps Jr, President of the Republic of Palau, commented,

“Partnering with Ripple to help create our national digital currency is part of our commitment to lead in financial innovation and technologies, which will provide the citizens of Palau with greater financial access.”

Interestingly, Palau’s and Ripple’s partnership dates back to November 2021, when the two parties announced teaming up to focus on developing strategies for cross-border payments and a USD-backed digital currency for the island nation.

Ripple’s Participation in Digital Hong Kong Dollar

In a parallel announcement, Ripple said it will demonstrate the use case for its CBDC platform through the inaugural e-HKD Pilot Programme led by Hong Kong Monetary Authority (HKMA). It is also working with Taiwan’s Fubon Bank to build a product for real estate asset tokenization and equity distribution under the e-HKD pilot.

The company has teamed up with Taiwan’s Fubon Bank to develop a product under the pilot program, with a focus on real estate asset tokenization and equity release leveraging the e-HKD.

XRP’s price remains trending upwards and has maintained its gains in an otherwise choppy market that has remained mostly flat over the past 24 hours.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

JPMorgan Partners with Coinbase, Letting Millions of Chase Customers Buy Crypto Instantly
All news

JPMorgan Partners with Coinbase, Letting Millions of Chase Customers Buy Crypto Instantly

30.07.2025
0

JPMorgan, Chase, and Coinbase have announced a partnership that will give over 80 million Chase customers new access to crypto...

Read moreDetails
Stock Prices of Major Chinese Companies Now Available in Web3 Ecosystem

Stock Prices of Major Chinese Companies Now Available in Web3 Ecosystem

30.07.2025
PAXMINING Makes Litecoin Cloud Mining Easy, Efficient, and Hassle-Free

PAXMINING Makes Litecoin Cloud Mining Easy, Efficient, and Hassle-Free

30.07.2025
Hong Kong Authorities Clarify Licensing Rules for Stablecoin Issuers

Hong Kong Authorities Clarify Licensing Rules for Stablecoin Issuers

30.07.2025
Revolutionizing Crypto Mining: XRP Mining Empowers Global Users with Smartphone-Based Cloud Mining

Revolutionizing Crypto Mining: XRP Mining Empowers Global Users with Smartphone-Based Cloud Mining

30.07.2025
Load More
Next Post
Monero community lashes out against ‘Mordinals’ amid privacy concerns

Monero community lashes out against ‘Mordinals’ amid privacy concerns

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Solana dangers changing into memecoin ‘hellscape’ mirroring BNB Chain in 2021

Solana dangers changing into memecoin ‘hellscape’ mirroring BNB Chain in 2021

5 months ago
Solana Sees $125M Surge as New Token Hype Fades—Old Meme Coins Back in Play?

Solana Sees $125M Surge as New Token Hype Fades—Old Meme Coins Back in Play?

2 weeks ago

Ex-CEO Pleads Guilty to Cherry-Picking Scheme Involving Crypto Futures Contracts

2 years ago
Elizabeth Warren Responds To Senate Challenge From John Deaton: “I’m Not Afraid”

Elizabeth Warren Responds To Senate Challenge From John Deaton: “I’m Not Afraid”

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Hong Kong Authorities Clarify Licensing Rules for Stablecoin Issuers

Revolutionizing Crypto Mining: XRP Mining Empowers Global Users with Smartphone-Based Cloud Mining

SEC’s in-kind approval can spark HUGE $710 billion supply squeeze for Bitcoin ETFs

Growing Popularity of Ethereum in Corporate Crypto Treasury Reserves

Bitcoin Price Prediction: OG Whale Dumps 80,000 BTC – And Bitcoin Still Looks Ready to Blast Higher

Bitcoin could target $141k if it breaks out of the $105k-$125k box

Trending

JPMorgan Partners with Coinbase, Letting Millions of Chase Customers Buy Crypto Instantly
All news

JPMorgan Partners with Coinbase, Letting Millions of Chase Customers Buy Crypto Instantly

30.07.2025
0

JPMorgan, Chase, and Coinbase have announced a partnership that will give over 80 million Chase customers new...

Stock Prices of Major Chinese Companies Now Available in Web3 Ecosystem

Stock Prices of Major Chinese Companies Now Available in Web3 Ecosystem

30.07.2025
PAXMINING Makes Litecoin Cloud Mining Easy, Efficient, and Hassle-Free

PAXMINING Makes Litecoin Cloud Mining Easy, Efficient, and Hassle-Free

30.07.2025
Hong Kong Authorities Clarify Licensing Rules for Stablecoin Issuers

Hong Kong Authorities Clarify Licensing Rules for Stablecoin Issuers

30.07.2025
Revolutionizing Crypto Mining: XRP Mining Empowers Global Users with Smartphone-Based Cloud Mining

Revolutionizing Crypto Mining: XRP Mining Empowers Global Users with Smartphone-Based Cloud Mining

30.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz