XRP News: Ripple’s native crypto, XRP is seeking a breakthrough amid the pending Summary Judgement in the long running legal tussle with the U.S. Securities and Exchange Commission (SEC). As the XRP lawsuit continues, Ripple has been spotted expanding outside the U.S. However, Ripple has issued a report on the future of Central Bank Digital Currency (CBDC).
Also Read: Will Coinbase Relist XRP? Exchange Legal Chief Responds
Ripple Moves Ahead To Promote CBDC
As per the report, Ripple estimates that CBDCs could grow from $100 million today to $213 billion by 2030. It stated multiple examples of why this surge might come ahead.
Ripple mentioned that the Central Bank of Brazil is launching a CBDC by 2024. While the Central Bank of Montenegro also pitched a pilot project around CBDC with Ripple. However, the Bank of England is expected to move forward with work around a digital pound.
It added that Digital Currency Monetary Authority dropped the Universal Monetary Unit (UMU) designed to p
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