Crypto
Ripple’s New CBDC Platform Aims to Simplify Issuing Digital Currencies
Ripple's CBDC platform comes as 114 countries, representing over 95 percent of global GDP, are currently exploring a digital currency.
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BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
President Putin has approved the use of a digital ruble for payments in Russia starting from August 1.
Ripple's CBDC platform comes as 114 countries, representing over 95 percent of global GDP, are currently exploring a digital currency.
The bill is expected to be implemented into law later this year.
According to Andrew Bailey, stablecoins have a credible claim to being digital money—but only if regulated in the same way as other forms of money.
Citi analysts estimate more than $5 trillion of CBDCs could be circulating across the globe by the end of this decade.
Club for Growth, a leading conservative organization, has asked the South Dakota Governor to veto the bill.
Visa plans to a vital role in digital payments in the near future.