Ripple’s CBDC advisor has hinted at “more CBDC announcements” to come over the next few weeks, as the company gets more and more involved in the area.
Ripple may soon unveil positive developments in its central bank digital currency projects, following hints from Ripple CBDC advisor Antony Welfare of more announcements to come.
Crypto influencer Sentosumosaba had shared on Twitter on Sept.6 that Ripple was in the midst of several CBDC pilot programs including one in Bhutan and the other in Palau. Ripple’s senior advisor Welfare, who handles CBDC Europe and Global Partnerships responded on the same thread, teasing there could be “more CBDC announcements” in the “next few weeks.”— Antony Welfare The company has become increasingly active in the development of central bank digital currencies since piloting a private version of the XRP Ledger in March 2021, providing a platform for central banks to securely issue CBDCs.
Just last week, Ripple was identified as one of the initial participants of a “Technical Sandbox Program” launched by U.S.-based think tank Digital Dollar Project, aimed at exploring the potential technical and business ramifications of a CBDC in the United States. Ripple also joined the European think tank Digital Euro Association as a supporting partner in February to jointly drive the development and growth of CBDCs and the Digital Euro.to pilot a CBDC in the south-central Asia kingdom to issue and manage a digital ngultrum, aimed at improving cross-border payments.
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