• Latest
ripple joins the digital pound foundation: designing a path for a cbdc forward future

Ripple Joins the Digital Pound Foundation: Designing a Path for a CBDC-Forward Future

October 20, 2021
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ripple

Ripple Joins the Digital Pound Foundation: Designing a Path for a CBDC-Forward Future

coinnewsdaily by coinnewsdaily
October 20, 2021
in Ripple
0
ripple joins the digital pound foundation: designing a path for a cbdc forward future
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

 

Ripple

Ripple is pleased to announce its membership in the Digital Pound Foundation, a not-for-profit organisation dedicated to the development and implementation of a digital Pound in the United Kingdom. Susan Friedman, Head of Policy at Ripple, will serve on the Foundation’s board of directors as a member. Ripple’s membership in the Foundation builds on our ongoing engagement with central banks worldwide on technical and policy concerns pertaining to central bank digital currencies (CBDCs).

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case

Ripple claims ‘a very big win’ in SEC case

April 19, 2022

Ripple feels that the UK has long been a leader in promoting responsible innovation and growth in the crypto-asset market, and that the creation of a digital Pound is a natural extension of that work. “We are pleased to collaborate with the Digital Pound Foundation to build and deploy a digital Pound,” Friedman stated. “The Foundation will contribute to the United Kingdom’s goal of developing a more equitable and sustainable financial system.”

The Foundation thinks that a digital Pound will serve as the foundation for the UK’s transformation to an innovative digital economy and society. The establishment of a CBDC, in conjunction with other forms of digital money, will secure the United Kingdom’s role in the expanding global digital world.

Defining the Future of Money

Over 80% of central banks are now investigating some form of sovereign-backed cryptocurrency, including CBDCs. The Bank of England is aggressively addressing the practical and technological issues inherent in building, deploying, and running a digital Pound that has the potential to significantly extend families’ and companies’ access to central bank money. Additionally, the Bank of England recognises that the expanding digital payments landscape enables the possibility of faster, cheaper, more sustainable, and more efficient payments with enhanced functionality.

However, realising the full potential of digital payments would necessitate coordination with a diverse set of actors. This is precisely what the Digital Pound Foundation seeks to accomplish by bringing together a varied array of members to ensure that the United Kingdom maintains a global competitive edge in financial innovation. Interoperability, privacy, and complete sovereignty will be critical as more central banks use CBDCs, enabling central banks to move money cost effectively, reliably, and immediately.

Ripple Leads the Global Race Toward Embracing CBDCs

Just a few weeks ago, Ripple announced a cooperation with Bhutan’s central bank, the Royal Monetary Authority (RMA), to explore retail, cross-border, and wholesale payment use cases for a digital Nguum utilising the company’s CBDC technology. Bhutan will benefit from the relationship in terms of improving digital payments and expanding financial inclusion efforts, while still preserving its commitment to sustainability. Bhutan is the only country in the world that is carbon-negative, therefore Ripple’s carbon-neutral solution is a logical fit for assisting Bhutan in meeting its carbon-neutral goal.

When Ripple joins the Digital Pound Foundation, they are charting a new course for a CBDC-forward future. The post Ripple Joins the Digital Pound Foundation: Charting a New Course for a CBDC-Forward Future appeared first on Ripple.

Tags: RippleRipple LabsXRP
Share76Tweet48
Previous Post

First Bitcoin ETF Booms, BTC Nears USD 65,000

Next Post

This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case
Ripple

Ripple claims ‘a very big win’ in SEC case

April 19, 2022
ripple’s case: how will it affect xrp’s 2022 price?
Ripple

Ripple case: How will it affect XRP 2022 price?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
price analysis 4/6: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 7, 2022
price analysis 4/4: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 4, 2022
Load More
Next Post
this ethereum price chart pattern suggests eth can reach $6

This Ethereum price chart pattern suggests ETH can reach $6.5K in Q4

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$30,019.001.89%
  • ethereumEthereum(ETH)$2,049.632.38%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$301.202.22%
  • rippleXRP(XRP)$0.4255892.25%
  • cardanoCardano(ADA)$0.572.72%
  • SolanaSolana(SOL)$54.402.89%
  • polkadotPolkadot(DOT)$10.691.46%
  • dogecoinDogecoin(DOGE)$0.0889381.86%
  • tronTRON(TRX)$0.0701023.29%
  • Shiba InuShiba Inu(SHIB)$0.0000122.73%
  • daiDai(DAI)$1.00-0.09%
  • litecoinLitecoin(LTC)$71.167.40%
  • CronosCronos(CRO)$0.1945543.44%
  • matic-networkPolygon(MATIC)$0.693.12%
  • leo-tokenLEO Token(LEO)$4.910.24%
  • FTX TokenFTX Token(FTT)$31.730.45%
  • bitcoin-cashBitcoin Cash(BCH)$203.341.75%
  • chainlinkChainlink(LINK)$7.502.45%
  • stellarStellar(XLM)$0.1362650.45%
  • algorandAlgorand(ALGO)$0.4783965.90%
  • cosmosCosmos Hub(ATOM)$11.13-0.51%
  • OKBOKB(OKB)$12.522.71%
  • moneroMonero(XMR)$171.663.69%
  • ethereum-classicEthereum Classic(ETC)$21.062.44%
  • ElrondElrond(EGLD)$98.907.24%
  • vechainVeChain(VET)$0.0314312.38%
  • Internet ComputerInternet Computer(ICP)$8.270.23%
  • filecoinFilecoin(FIL)$8.502.19%
  • tezosTezos(XTZ)$1.781.43%
  • makerMaker(MKR)$1,536.71-3.17%
  • PancakeSwapPancakeSwap(CAKE)$4.604.05%
  • theta-tokenTheta Network(THETA)$1.340.35%
  • eosEOS(EOS)$1.352.93%
  • zcashZcash(ZEC)$102.23-1.44%
  • AaveAave(AAVE)$88.426.59%
  • huobi-tokenHuobi Token(HT)$6.990.42%
  • iotaIOTA(MIOTA)$0.3798208.37%
  • bitcoin-cash-svBitcoin SV(BSV)$54.282.48%
  • paxos-standardPax Dollar(USDP)$1.00-0.11%
  • neoNEO(NEO)$10.634.14%
  • zilliqaZilliqa(ZIL)$0.0515042.60%
  • KusamaKusama(KSM)$80.814.54%
  • wavesWaves(WAVES)$6.691.89%
  • dashDash(DASH)$57.78-0.45%
  • havvenSynthetix Network Token(SNX)$2.71-5.92%
  • basic-attention-tokenBasic Attention Token(BAT)$0.3963970.73%
  • nemNEM(XEM)$0.0604213.20%
  • CompoundCompound(COMP)$68.651.99%
  • qtumQtum(QTUM)$4.051.81%
  • yearn-financeyearn.finance(YFI)$9,973.161.78%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • omisegoOMG Network(OMG)$2.470.82%
  • bitcoin-goldBitcoin Gold(BTG)$19.480.88%
  • ethlendAave [OLD](LEND)$4.103.48%
  • SushiSushi(SUSHI)$1.368.34%
  • golemGolem(GLM)$0.2589691.75%
  • ontologyOntology(ONT)$0.2735690.75%
  • umaUMA(UMA)$3.298.95%
  • digibyteDigiByte(DGB)$0.0124724.00%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....