The French Central Bank Tests Ripple's Private Ledger for Euro CBDC
Research from Ulster University has just revealed that the French Central Bank is testing Ripple's private ledger to develop a Central Bank Digital Currency (CBDC) based on the Euro. Crypto analyst, WrathofKahneman, shared this information on platform X, marking the first test of Ripple's blockchain for a national CBDC in France.
Ripple Ledger: A Strong Candidate for CBDC?
According to Kahneman, this experiment confirms that Ripple's private ledger is actively being tested by the French Central Bank. This positions Ripple strongly in the race to build CBDC infrastructure.
The Importance of This Experiment
The testing of Ripple's ledger by the French Central Bank reflects a strong trust in Ripple's blockchain technology, despite previous legal challenges in the United States. If successful, Ripple's infrastructure could be considered for discussions about a digital euro across the European Union. This reinforces Ripple's value not just as a cryptocurrency but also as a blockchain infrastructure provider for practical finance.
What are the Next Steps for Ripple and CBDC?
With countries like China having implemented advanced CBDC programs, Ripple's involvement in Europe could boost the continent's cryptocurrency efforts. If France leads with successful experiments based on Ripple, other countries may quickly follow suit. This experiment could also change the public perception of Ripple, from a groundbreaking fintech to a core part of the future central banking system.
Source: https://tintucbitcoin.com/ngan-hang-phap-thu-nghiem-ripple-ledger-cho-euro-so-hoa/
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