Ripple’s USD-backed stablecoin aims to bridge traditional finance and DeFi
The stablecoin market is expected to soar to a staggering $3 trillion within the next four years. In anticipation of this explosive expansion and recognising the escalating prominence of stablecoins in global financial ecosystems, Ripple has unveiled plans to introduce a new stablecoin pegged 1:1 to the US dollar (USD), fully backed by a combination […]
The Digital Evolution of Money, a New Whitepaper from Ripple
The financial world stands on the brink of a historic transformation, as Central Bank Digital Currencies (CBDCs) are rapidly evolving. Ripple, a member of the Digital Pound Foundation, has this week published a brand new whitepaper entitled “The Digital Evolution of Money” and is a must-read for policymakers, financial experts, and anyone interested in the […]
Ripple: Demystifying Central Bank Digital Currencies
Source: Ripple Central Bank Digital Currencies (CBDCs) have been making waves in the world of finance, offering a groundbreaking intersection between traditional fiat currencies and the digital realm. In this first piece of a broader series, we will delve into the world of CBDCs, explaining what they are, how they work, and why they are becoming […]
Ripple’s Contribution to CBDC Landscape Celebrated at Juniper’s 2023 Awards
Ripple has been bestowed with two significant accolades by Juniper Research in the esteemed Future Digital Awards for Fintech & Payments 2023. Amid an unprecedented number of entrants this year, Ripple emerged as a clear leader in the following categories: Ripple’s CBDC platform endeavours to provide a safe, sustainable, and smooth end-to-end solution tailored for […]
CBDCs: A New Chapter in Global Banking
Source: Ripple The emergence of blockchain technology, coupled with real-world use cases and the dramatic free fall in global cash usage have led to a surge in CBDC research and development today. Nine out of ten central banks are actively exploring CBDCs, and Juniper Research predicts CBDC payments will reach $213 billion by 2030. This boom is […]
Ripple and Peersyst Partner with Colombia’s Banco de la República in Advancing the Implementation and Utilization of Blockchain Technology
Source: Ripple The pilot program will evaluate high value payments use cases using the Ripple CBDC Platform based on the core technology of the XRP Ledger Ripple, the leader in enterprise blockchain and crypto solutions, announced today its collaboration with the Banco de la República, Colombia’s Central Bank, to explore blockchain technology use cases. The […]
Ripple Launches CBDC Platform for the Development of CBDCs and Stablecoins
Source: Ripple Full-service platform allows user to seamlessly mint, manage, transact and redeem CBDCs and stablecoins With more than 90% of countries exploring, developing and implementing Central Bank Digital Currencies (CBDCs) as a way to increase financial inclusion and lower the cost and risk of domestic and cross-border payment processes, today Ripple is announcing the Ripple CBDC Platform, […]
Ripple to Showcase Real Estate Asset Tokenization Solution as part of the Hong Kong Monetary Authority’s Inaugural e-HKD Pilot Programme
Source: Ripple Ripple, the leader in enterprise blockchain and crypto solutions, announced today that it has been selected to showcase a real estate asset tokenization solution as part of the Hong Kong Monetary Authority’s (HKMA) inaugural e-HKD Pilot Programme. The HKMA has adopted a three-rail approach to prepare for the possible rollouts of the e-HKD. As a leading […]
The Future of Central Bank Digital Currency
Source: Ripple As 2023 unfolds, the future of digital currencies backed by central banks is accelerating. According to a new report from Juniper Research, the global value of central bank digital currencies (CBDCs) will grow dramatically from $100 million today to $213 billion by 2030. Why is this high growth in CBDC adoption and use […]
Central Bank of Montenegro Signs Agreement with Ripple to Develop a Digital Currency Strategy and Pilot
Source: Ripple The Central Bank of Montenegro (CBCG) has agreed to collaborate with the enterprise crypto and blockchain solutions provider Ripple to develop a strategy and pilot programme to launch the country’s first digital currency in the form of a Central Bank Digital Currency (CBDC) or national stablecoin. Aligning with the CBCG’s core objectives, the digital currency’s introduction […]