Ripple has been able to expand to Europ on the back of MICA. The Network possesses the tendency of pushing for development on a worldwide scale amidst legal confrontation with the U.S. SEC.
The uncertainty of regulation in the U.S. has catalyzed Ripple’s affinity for worldwide development, as the basis of its innovation is aimed at entering further into Europe on the rear of the MiCA guideline.
In a recent interview by Ripple’s Managing director representing Europe and U.K Sendi Young, at the Money20/20 event in Europe, He spoke about the recent increase.
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attention to the tweet was called to the tweet earlier today by Antony Welfare, CBDC advisor at Ripple.
Great interview with @sendiyoung on @Ripple's future prospects here in Europe and #CBDC: “It's really a number of different currencies and CBDCs. They're all going to be coexisting and that kind of ability to interoperate, to go in and out is going to be very important.” https://t.co/fAzlDmZ7Yn
— Antony Welfare (@AntonyWelfare) June 14, 2023
Ripple Has Plans for The Digital Currency
Welfare spoke on the remark made by Young which involves Ripple’s advanced effort which is geared towards digital currency and CBDC development.
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He further mentioned that Ripple has made it dirty to keep expanding its Offering to make it comfortable for Digital assets and the Central Bank Digital Currencies (CBDC).
Recall that on the 18th of May Ripple carried out its CBDC platform for Central banks and other monetary establishments to foster their own digital currency.
Ripple is likewise teaming up with Montenegro for the improvement of the country’s digital currency.
In a remark by Young on Ripple’s Central Bank of Digital Currencies effort in the latest Money20/20 interview,
“It’s really a number of different currencies and CBDCs. They’re all going to be coexisting, and that kind of ability to interoperate, to go in and out, is going to be very important”