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$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
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.