Ripple Advisor Teases “Further CBDC Announcements in Coming Weeks”

The blockchain company has been pushing hard in the CBDC space since piloting its private CBDC ledger for central banks in March 2021.< /p> New

Ripple may soon unveil positive developments in its central bank digital currency (CBDC) plans, following hints from Ripple CBDC advisor Antony Welfare of further announcements to come.

Crypto influencer Sentosumosaba had shared on Twitter on September 6 that Ripple was in the midst of several CBDC pilot programs, including one in Bhutan and the other in Palau.

Ripple's Senior Advisor, Welfare, who manages CBDC Europe and Global Partnerships, responded on the same thread, teasing that there may be "more CBDC announcements" in the "coming weeks."

Thanks @sentosumosaba for the mention - be sure to follow me for more CBDC announcements in the coming weeks

The company has become increasingly active in the development of central bank digital currencies since piloting a private version of the XRP Ledger in March 2021, providing a platform for central banks to issue CBDCs safely.

Last week, Ripple was identified as one of the first participants in a "technical sandbox program" launched by US think tank Digital Dollar Project, aimed at exploring the potential technical and commercial ramifications of a CBDC in the United States. .

Ripple also joined the European think tank Digital Euro Association as a supporting partner in February to jointly drive the development and growth of CBDCs and the digital euro.

In September 2021, Ripple Labs announced that it was partnering with the Royal Monetary Authority of Bhutan to pilot a CBDC in the Central and South Asian kingdom to issue and manage a digital ngultrum, aiming improve cross-border payments.

Part One: Learn more about the @ripple #CBDC solution which is built...