According to Odaily Planet Daily, Ripple CEO Brad Garlinghouse said that the company is working with governments of about 10 countries or regions around the world to develop central bank digital currencies (CBDCs). Ripple has been actively involved in the development of CBDCs, working with more than 20 central banks around the world, including Bhutan, Palau, Montenegro, Colombia, etc. The company's vice president James Wallis previously emphasized the cost-effectiveness of CBDCs in providing financial services and its ability to simplify payment and credit access.
Ripple Labs also released a 23-page white paper reflecting its support for CBDCs. The document explores the fundamentals, benefits, and challenges of CBDCs, emphasizing their role in financial inclusion, cross-border payments, and monetary policy.
