Ripple, as a member of the Foundation, will be represented on the board by Susan Friedman, Head of Policy.
Ripple's participation in the Foundation continues its work of engaging central banks globally on technical and policy issues related to central bank digital currencies (CBDCs).
🔹 Today, more than 80% of central banks are actively exploring some form of state-backed cryptocurrency.
🔹 The Bank of England has also recognized that the evolving digital payments landscape offers the potential for faster, cheaper, more sustainable and efficient payments with greater functionality.
🔹 But reaching the full potential of digital payments requires collaboration with multiple parties. This is exactly what the Digital Pound Foundation is about - bringing together a diverse group of members to ensure the UK remains a competitive global leader in financial innovation.
🔹 Ripple leads the global race towards CBDC attraction. Just last month, Ripple announced a partnership with Bhutan's central bank, the Royal Monetary Authority (RMA), to pilot cross-border, retail payments use cases using a CBDC solution. mine.
🔹 As more and more central banks implement CBDCs, interoperability, privacy, and complete sovereignty will be key to allowing central banks to move money efficiently, reliably and instant.
< Source : Ripple Insights , Twitter >