BlockNews
  • CRYPTO
  • FINANCE
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • CRYPTO
  • FINANCE
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews
Home BREAKING NEWS

Ripple Launches CBDC Development Platform

by BlockNews Team
May 18, 2023
in BREAKING NEWS, BUSINESS, Media, Social
A A
Ripple CEO Anticipates Answer in SEC Lawsuit Over XRP in the First Half of 2023
2
SHARES
Share on XShare on RedditTelegram

Ripple, a prominent blockchain technology provider, has introduced the Ripple CBDC Platform to meet the increasing global demand for Central Bank Digital Currencies (CBDCs). By harnessing the power of the XRP Ledger (XRPL) blockchain technology, users can effectively manage and customize the complete life cycle of fiat-based CBDCs, including transactions and distribution. 

A key objective of the Ripple CBDC Platform is to promote financial access for millions of unbanked individuals worldwide. Stablecoins can be issued through the platform, and it supports the following features:

  • Ledger Technology: Private ledger with XRPL’s energy-efficient core technology for secure wholesale and retail CBDC operations.
  • Issuer Functionality: Control over the CBDC life cycle, including
  • minting, distribution, redemption, and destruction, with enhanced security.
  • Operator Capabilities: Inter-institutional settlement and distribution
  • functions for financial establishments with significant CBDC holdings.
  • End-user Wallets: Secure storage and transactions for corporate

and retail users and support for online and offline payments. 

The Ripple CBDC solutions have gained industry recognition, with Juniper Research ranking Ripple as a top CBDC technology provider. Additionally, CB Insights recognized Ripple’s CBDC solutions as the best in Blockchain Cross-Border Payments & CBDCs Companies.

In conjunction with the platform launch, Ripple plans to demonstrate its capabilities through the e-HKD pilot program in collaboration with the Hong Kong Monetary Authority. The program serves as a platform to showcase Ripple’s technology as the de facto central bank. Furthermore, Ripple is partnering with Taiwan’s Fubon Bank to develop a solution for tokenizing real estate assets and facilitating equity distribution within the e-HKD pilot program framework. 

Ripple’s comprehensive CBDC Platform marks a significant milestone in the digital currency landscape. Ripple aims to drive financial inclusion, enhance payment efficiency, and support governments and financial institutions in their CBDC initiatives by providing robust infrastructure and extensive customization options.

Tags: BusinessCBDCripplexrp
Tweet1ShareShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Coinbase Introduces ‘Coinbase Payments’ Bringing Gasless USDC Checkout to Shopify
BUSINESS

Coinbase Introduces ‘Coinbase Payments’ Bringing Gasless USDC Checkout to Shopify

June 18, 2025
Apple, Airbnb, and Google Eye Stablecoin Integration for Crypto Payments
BUSINESS

Apple, Airbnb, and Google Eye Stablecoin Integration for Crypto Payments

June 6, 2025
Solana Co-Founder’s Data Leaked in Failed Extortion Stunt
CRYPTO

Solana Co-Founder’s Data Leaked in Failed Extortion Stunt

May 28, 2025
Coinbase Faces $400M Loss After Insider-Fueled Data Breach: Should You Be Worried?
BUSINESS

Coinbase Faces $400M Loss After Insider-Fueled Data Breach: Should You Be Worried?

May 15, 2025
Coinbase to Join S&P 500, Replacing Discover Financial: This is Bullish for Your Bags and Here is Why
BUSINESS

Coinbase to Join S&P 500, Replacing Discover Financial: This is Bullish for Your Bags and Here is Why

May 12, 2025
JRNY CLUB Announces $JRNY Token and EARN Platform
BREAKING NEWS

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Load More

Related News

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market

TRX Finds Its Floor as IPO Hype and Political Buzz Stir Up the Market

June 21, 2025
Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up

Dogecoin to $5? One Analyst Thinks It’s Coming—and Has Charts to Back It Up

June 21, 2025
Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?

Solana vs Litecoin: Who’s Closer to That Sweet ETF Approval?

June 21, 2025
Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact

Binance Coin Builds Tension Beneath Resistance as Traders Brace for Impact

June 21, 2025
XRP Ledger Shatters Record with 5.1 Million Transactions in a Day

XRP Ledger Shatters Record with 5.1 Million Transactions in a Day

June 21, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • CRYPTO
  • Memecoins
  • Technology
  • Politics
  • FINANCE
  • NFT
  • DEFI
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.