
Ripple Launches CBDC Platform to Help Central Banks Issue Digital Currencies
Ripple, the company behind the XRP cryptocurrency, has unveiled a new platform that will help central banks issue digital currencies (CBDCs). The platform, called RippleNet CBDC, is designed to make it easier and more cost-effective for central banks to develop and deploy CBDCs. RippleNet CBDC is based on Ripple’s existing blockchain technology, which is known for its speed, scalability, and security. The platform also includes a number of features that are designed to meet the specific needs of central banks, such as compliance with regulatory requirements and the ability to support multiple currencies. Ripple is not the only company that