Brad Garlinghouse claims that XRP is a complement to CBDCs.
On a tweet Ripple CEO Brad Garlinghouse recently said that digital assets such as XRP are not threatened by central bank cryptocurrencies (CBDCs), but that XRP would be a facilitating agent for them.
XRP, the facilitator
Brad Garlinghouse, a few hours ago, reinforced the Ripple Insight newsletter that central bank cryptocurrencies are one thing, interoperability between different ones is another. And if any project isn’t thinking about how these various projects will work together, it’s just basically “rebuilding the same system in silos”.
Many countries and their governments are looking to issue digital currencies to their central banks and citizens. China appears to lead the group as it said it could launch its sovereign digital currency later this year.