Philippines’ Central Bank Turns to Hyperledger for CBDC Testing – Is Ethereum (ETH) or Ripple (XRP) Involved? Report 

Philippines’ Central Bank Turns to Hyperledger for CBDC Testing – Is Ethereum (ETH) or Ripple (XRP) Involved? Report 

The Bangko Sentral ng Pilipinas has disclosed that it will use the Hyperledger Fabric blockchain for its CBDC trials. 
For now, no mention has been made concerning the involvement of Ripple or Ethereum.
In the wake of the Central Bank Digital Currency (CBDC) interest increasing among countries, Bangko Sentral ng Pilipinas (BSP) has been working on the wholesale version of its CBDC dubbed Project Agila. According to the latest report, BSP has decided to use the Hyperledger Fabric blockchain for the trials. The selection is reported to have been made with input from the “International Monetary Fund (IMF), the BIS Innovation Hub, and other financial institutions.”
BSP Governor Eli Remolona Jr. has stated that participants are expected to have a clearer understanding of the project by the end of the pilot. 
By the end of Project Agila, the pilot participants are expected to have a clearer understanding of CBDC technology and assess the capability of wholesale CBDCs to foster advancem

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