Ripple is in talks with central banks to use XRP Ledger as a basis for national digital currencies (CBDC). This was announced by General Manager of RippleNet Ashish Birla.
“CBDC will be a major impetus for the introduction of Ripple technology. We are in the process of discussing the strategy with various central banks around the world, ”the top manager explained.
In the podcast, Birla said that the COVID-1
9 pandemic has actively expanded the number of RippleNet members. According to him, the network goes beyond payments and will not undermine the company’s business.> Going to credit products. The general manager also reported on efforts to resolve disagreements with the U.S. Securities and Exchange Commission (SEC).
Recall, Ripple filed a response to the SEC lawsuit, in which it asked the regulator to explain the inconsistencies between bitcoin and Ethereum definition of the security.
In December, company CEO Brad Garlinghouse noted that the startup is ready to work with the new regulator’s management to resolve legal inaccuracies.
In November, the head of Ripple expressed confidence that even the recognition of XRP as a security would not undermine the company’s business.
In January, Garlinghouse called 2020 a “significant” year for Ripple.