Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Ripple releases white paper reaffirming belief in CBDC
EXCHANGE NEWS

Ripple releases white paper reaffirming belief in CBDC

By Crypto FlexsDecember 18, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ripple releases white paper reaffirming belief in CBDC
Share
Facebook Twitter LinkedIn Pinterest Email

Ripple is currently working with more than 20 central banks around the world to help them develop digital versions of their currencies.

Blockchain-based payment solutions provider Ripple has reaffirmed its support for central bank digital currencies (CBDCs). In a 23-page white paper released on December 14, the company explains the basics of CBDCs, their potential benefits, risks and barriers to mainstream adoption. It also emphasizes the need for government and private sector actors to work together to solve the problem.

Citing a report by global management consulting firm McKinsey, Ripple presents CBDC as a tool that can help ensure financial inclusion, reduce fraud and money laundering, foster payment innovation, and strengthen monetary policy control.

The document also highlights the role of central bank digital currencies in tokenization, explaining:

“CBDCs are needed to support the most important and positive impact of asset tokenization, an increasingly targeted mechanism for converting tangible assets into digital tokens stored on blockchains. Tokenization allows anyone to see the process of asset transfer through ownership,” the white paper explains in part: “Tokenization ensures that assets move peer-to-peer within a decentralized network, without centralized intermediaries, thereby protecting privacy and agility. It improves.”

The white paper cites several barriers to widespread CBDC adoption, including lack of end-user adoption, lack of consumer education, fears of privacy and security protections, digital identity verification, lack of interoperability between CBDCs, and offline access for transactions. Stating that these issues are not “unsolvable”, he firmly stated that they must be addressed on a large scale through joint efforts between countries and jurisdictions.

Ripple is currently working with more than 20 central banks around the world to help them develop digital versions of their currencies. These include Bhutan’s Royal Monetary Authority (RMA), Colombia’s Banco de la República and the Central Bank of Montenegro.

Mauricio Lizcano, Columbia Minister of Information and Communications Technology, said:

“The results obtained from developing solutions using blockchain technology allow us to evaluate the potential efficiency. In turn, this improves and complements the entity’s processes in a safe and efficient manner. We will also provide technical solutions. “This solution allows us to simulate a variety of use cases for high-value payment systems.”

The report concludes by reemphasizing the need for intergovernmental cooperation. Central banks are moving at different speeds in CBDC development but are “highly interdependent.” He added that global adoption of state-backed digital assets requires agreement on common standards and protocols to enable interoperability.

It is estimated that $5 trillion worth of CBDC globally will be in circulation across major economies over the next decade. This is an added incentive for government and private sector players to work together to solve the problem.

next

Altcoin news, blockchain news, cryptocurrency news, news

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025
Add A Comment

Comments are closed.

Recent Posts

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Building Tomorrow’s Wealth With Tokenized Gold

October 9, 2025

Dreamcash Celebrates 100,000 Waitlist Signups With Exclusive $50k Giveaway Series

October 9, 2025

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025

Fanable Gets $11.5M To Power The Future Of Pokémon & Collectibles; $COLLECT Token Farming Goes Live Now

October 9, 2025

Bybit Secures UAE’s First Virtual Asset Platform Operator License From Securities And Commodities Authority

October 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025
Most Popular

Can I use cryptocurrency to get a loan?

December 6, 2023

MEXC introduces the APT lunch pool with 31,500 APT rewards.

January 24, 2025

Upbit Triggers sui ecosystem altcoin for explosive rally

April 22, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.