Ripple has always been vocal about supporting central bank digital currencies (CBDCs) and again underscored their potential benefits in a new whitepaper.
On December 14, Ripple issued a 23-page document explaining the basics of CBDCs, potential benefits, risks, and barriers to widespread adoption.
CBDCs Enable Financial Inclusion, Among Other
Blockchain-based digital payments company Ripple released a whitepaper on CBDCs highlighting its public support for them. In its document, “CBDCs: The Digital Evolution of Money”, Ripple outlines the basics of CBDCs, their attractiveness, potential risk, and the barriers to widespread adoption. The company explained that among its many benefits, CBDCs encourage financial inclusion, simplify cross-border payments, and work to reinforce monetary policy control. Ripple’s primary focus is providing cross-border payment solutions, and it recently updated its crypto-enabled cross-border payment solution, Ripple Payments. The document further exp
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