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World Economic Forum Names XRP As Crypto Asset Most Relevant in Central Bank Digital Currency Space

by CBDC Insider Staff
September 27, 2020
in Business, Central America
Reading Time: 1min read
0
World Economic Forum Names XRP As Crypto Asset Most Relevant in Central Bank Digital Currency Space
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The World Economic Forum (WEF) is looking at Ripple’s native currency, XRP, as the most relevant cryptocurrency in the emerging central bank digital currency (CBDC) space.
In a report published early this year, the WEF says that central banks and government agencies are looking at the potential of CBDCs to solve perennial global financial issues such as financial inclusion and the stability of payment systems. The Geneva-based international organization also made a clear distinction between CBDCs and cryptocurrencies.

“CBDC is a digitized version of sovereign currency, created and issued by, and a liability of, the country’s monetary authority. CBDC differs from other forms of digital or virtual currencies, including cryptocurrencies such as Bitcoin and ‘stablecoins,’ which are not issued by central banks or typically considered legal tender.”

Continue read:https://dailyhodl.com/2020/09/27/world-economic-forum-names-xrp-as-crypto-asset-most-relevant-in-central-bank-digital-currency-space/

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