Ripple, a technology company, has introduced the Ripple CBDC
Platform, a solution designed to facilitate the issuance of
Central Bank Digital Currencies (CBDCs) by central banks, governments and
financial institutions.
With over 90% of countries worldwide exploring CBDCs as a means to enhance
financial inclusion and streamline payment processes, Ripple’s latest platform
leverages the blockchain technology of the XRP Ledger (XRPL) ‘to
offer a seamless end-to-end experience’ for managing and customizing fiat-based
CBDCs, transactions, and distribution.
Ripple says the new platform empowers central banks and governments to advance
the digitization of their financial services while expanding access to unbanked populations globally. The platform also enables issuers such as central and commercial banks to manage the entire life cycle of their fiat-based digital currency.
Furthermore, Ripple noted that the platform was designed for financial institutions to actively manage and participate in inter-institutional settlement
