Ripple is in talks with central banks to use XRP Ledger as the basis for national digital currencies (CBDC). This was announced by the general manager of RippleNet Asheesh Birla.
“CBDCs will be a major acceleration for the adoption of Ripple’s technology. We are going to be there. We are currently meeting and currently discussing strategy with various central banks around the world,” explained the top manager.
During a partner webinar with YouTuber Alex Cobb, Birla talked about how the COVID-19 pandemic has contributed to the active expansion of the number of RippleNet participants. According to him, the network is going beyond payments and moving to credit products. The general manager also reported on ongoing efforts to resolve disputes with the US Securities and Exchange Commission (SEC).
Recall that Ripple filed a response to the SEC lawsuit, in which it offered the regulator to explain the discrepancy between Bitcoin and Ethereum in the definition of a security.
In December, CEO Brad Garlinghouse noted that the startup is ready to work with the new leadership of the regulator to resolve legal uncertainties.
In November, the head of Ripple expressed confidence that even the recognition of XRP as a security would not undermine the company’s business.