Ripple, the digital remittance technology provider today announced its partnership with the non-profit Digital Pound Foundation. The foundation is working towards the development and implementation of a Digita Pound in the UK. Ripple would join as the founding member and would help in the development process with its vast experience in facilitating cross-border transactions.
Ripple will be represented by Susan Friedman, Head of Policy who would look over the design and implementation process.
“We are excited to support the design and implementation of a digital Pound in partnership with the Digital Pound Foundation,” Friedman noted. “The Foundation will help advance the UK’s goal to build a more inclusive and sustainable financial system.”
Given the growing demand for CBDC’s from nearly 80% of the countries around the world, The fintech firm’s latest partnerships could help it become a leading infrastructure developer in the CBDC sector as well.
Ripple Continues to Forg
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