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Ripple (XRP-USD) is charging forward despite the recent XRP downturn, having aligned with the Digital Euro Association (DEA) to spearhead Central Bank Digital Currency (CBDC) initiatives. Anchored in Frankfurt, this collaboration aims to reshape digital currency education across Europe and beyond. Amidst this significant stride, XRP’s market performance tells a starkly different tale, hovering around $2.47 amidst bearish trends. “The DEA is working across Europe and global markets to drive the development and growth of CBDCs and, specifically, the Digital Euro,” explained James Wallis, Vice President of Central Bank Engagements at Ripple. He noted that Ripple is deeply invested in the CBDC arena and maintains a dedicated global team of about 40 people. This team is focused on developing and implementing CBDC and stablecoin solutions.
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