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XRP’s Role in CBDC Settlements Sparks Price Speculation

13Sep

By OLAJIDE SAMUELNo Comments

XRP News

XRP’s Role in CBDC Settlements Sparks Price Speculation

In a recent tweet, cryptocurrency influencer Bitforcoinz ignited a heated debate within the XRP community by suggesting that XRP was designed to settle Central Bank Digital Currency (CBDC) transactions, potentially driving its price to $10,000 or more. The assertion comes as CBDCs gain traction for their perceived advantages in speed, security, and reliability over traditional payment systems. However, their lack of interoperability with existing infrastructure poses a significant challenge. Read Also: Terra Classic Station's Proposal #11780 Seeks to Combat Spam with a 5 Million LUNC Minimum Deposit Requirement https://twitter.com/Bitforcoinz/status/1697965026345124040 Ripple, the company behind XRP, has already demonstrated its commitment to addressing this issue by leveraging XR...

Ripple Has Several Pilots In Progress For CBDCs Says Ripple’s Senior Advisor, Anthony Welfare

In a recent interview, Ripple’s Senior Advisor, Anthony Welfare, disclosed that the blockchain company is presently working on various CBDC pilots for nations like Bhutan and the Republic of Palau. “Ripple has several pilots in progress for CBDCs, including the Royal Monetary Authority (RMA) of Bhutan and the Republic of Palau,” Welfare said in a recent interview. It is worth noting that the Leading Silicon Valley tech firm, Ripple, is a global payment provider, and has extended its payment solutions across various borders. Read Also: Vasil Node Candidate, Version 1.35.3 Nowe Produces 94% Of The Block And Four Different Exchanges Disclosed Their Readiness For Vasil Several Entities Have Partnered Chosen Ripple For CBDC Recall, that Ripple has recently colla...

Ripple Hints at Future Crypto Mergers and Acquisitions

Ripple, a cross-border blockchain payment firm, is working via its growth stage and is looking at a series of segments of the crypto industry for potential mergers and acquisitions, as stated by CEO Brad Garlinghouse. In his interview with CNBC during the World Economic Forum in Davos, Garlinghouse stated that Ripple has “a very strong balance sheet” for the company’s future growth opportunities. The way he sees it, there is likely to be an uptick in mergers and acquisitions in the blockchain and cryptocurrency space in the future, and should that be the case, Garlinghouse says that Ripple would consider the potential deals. Read Also: Ripple Hints at Future Crypto Mergers and Acquisitions “There is a lot of growth in crypto and we are looking a lot at different segments in ...