A central bank digital currency (CBDC) is a digital form of a country's fiat currency. A country's monetary authority, or central bank, issues a CBDC, which promotes financial inclusion and simplifies the implementation of monetary and fiscal policy.

Cryptocurrencies, which operate independently of central banks and often use blockchain technology for peer-to-peer transactions, should be distinguished from CBDCs which are countries' official digital currencies, issued and regulated by central banks to improve the efficiency of domestic payments and monetary policy.

Read the detiknews article, "Crypto Integration - CBDC and OJK - BI Strategic Steps" in full https://news.detik.com/kolom/d-7276657/integra-crypto-cbdc-dan-angkat-strategis-ojk-bi.

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I welcome them and think their consulting team's crypto background and ability to tap into Ripple's “XRP Ledger” blockchain presents their clients with a unique capability. What is important to note is that the CBDC solutions Ripple develops do not use its cryptocurrency XRP. $XRP #asp #timotyronald #kalimasada #supermegacycle