Ripple releases white paper on CBDC
Ripple Releases White Paper on Central Bank Digital Currencies (CBDCs)
Ripple has presented an analytical paper on central bank digital currencies (CBDs). The paper explains how securities can change the current paradigm of money, highlighting its potential to streamline cross-border payments and improve financial inclusion.
The 23-page document examines in detail the advantages and barriers to implementing a central security system. Lack of unified regulations, uncertainty for consumers and privacy concerns are highlighted as the main obstacles.
Ripple plays an active role in the development of securities, partnering with central banks from more than 20 countries, including Hong Kong, Palau, Colombia and Georgia. They argue that overcoming these difficulties is possible.
Ultimately, the document highlights the impressive potential of CBSEs, forecasting $5 trillion in turnover across major economies in the coming decades.
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