For some time now, Ripple didn ‘t hide the fact that he wants to position the liquidon-demand (ODL) and XRP as a bridge currency in a world of central bank digital currencies. In Ripple CTO David Schwartz explained how financial institutions can uses the XRP Ledger ‘s “Functionality ” Issuing currencies “ to create and mine stablecoins.
Where is Ripple with CBDC projects?
En As three vacancies as ‘Head of Technical Partners, Central Banks’ for London, New York and San Francisco, Ripple may already be at a more advanced stage in terms of central bank digital currency projects than what was auparavant publicly known.
According to the job postings, heads of technical partners are expected to play a central role in expanding Ripple’s collaboration with central banks around the world by designing and leading the deployment of CBDC projects and solutions. An indication that Ripple is already working with a few central banks and tinkering with a CBDC may be the post deion. This states:
Other responsibilities of the technical partner manager will also include “requirements analysis, solution and architecture design, implementation and test support for ensuring that the individual components are built and delivered for the integrity of the whole project ”. In addition, close collaboration with customers and internal and external teams is required to create solution designs, cost estimates, and implementation plans for all systems.s involved.
Partner leaders should work for RippleX, which has a formal mission “to inspire and empower developers and institutions to build the Internet of Value (IoV) together.” Through tools, services and programs based on XRP ledger, RippleX helps drive innovation for XRP ledger, Interledger protocol and PayID, among others.
Which central banks could be associated?
While this is only speculation, according to Twitter user “Talinos” Turkey, the Netherlands and Brazil could be possible candidates to issue a stablecoin on the XRP ledger. Talinos cites some of the names in XRPL odes, which are named after the country and not the banking institution, as “SCB” or “Exim”.
On the other hand, it is also known that Ripple has a good relationship with the Bank of England (BoE). In July 2017, it was revealed that the BoE was testing Ripple’s technologies for its next-generation Real-Time Gross Settlement System (RTGS). The central bank noted that the test “has shown promise in enabling RTGS systems that are transparent and interoperable on a global scale.”
During the Yahoo Finance “All Markets” conference in 2018, Garlinghouse also confirmed that the BoE is ” a paying customer of Ripple “. In addition, it is also known that Ripple had meetings with the Central Bank of Cambodia as well as the Central Bank of Bresil in the past.
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