10 Govts in Partnership with Ripple Labs for CBDC

By Novasky | DevPress | 17 Jun 2024


Ripple labs have gotten stronger despite the lawsuites and the drama with SEC like it's telenovela. And each year they are bagging in new customer and new product is being launched. In Europe for example they are offering the digital product storage and management. Now Ripple is getting into the CBDC development and infrastructure. Just like they have got into the stablecoin here the target is just the govt. 

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The name of the countries are not yet announced because those countries must have signed up some sort of the deal with the Ripple. However the nations who are marketing their CBDC are taking name of ripple when they want to mention the tech infrastructure company name. Like brazil and few other nations have revealed the name of the Ripple Labs. 

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Ripple has already has done the work on the stablecoin. Like RL USD is the latest stablecoin they have demonstrated to the govt around the world so that they can work on the CBDC too. In upcoming future more of such tech would be in action. And we would be able to see the Ripple's power of the CBDC in upcoming times. 

CBDCs are evil as we know but they are coming. And they are trying to reduce our usage of crypto. And which means sooner or later we would be dealing with it as well. So in such a case it's reasonable to see the progress of companies like Ripple labs in upcoming times. 

You can check out CBDC Platform of Ripple Here.

 

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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