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Ripple Engaging with Central Banks to Pitch Private Version of XRP Ledger

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Wed, 03/03/2021 - 19:43
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Alex Dovbnya
Ripple has designed a private version of the XRP Ledger that is specifically tuned for central banks
Ripple Engaging with Central Banks to Pitch Private Version of XRP Ledger
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Payments company Ripple is testing a new private version of the XRP Ledger that is specifically designed for issuing central bank digital currencies (CBDCs), according to its March 3 blog post. It touts this solution—which is based on the same blockchain technology as the original ledger—as a "game-changer."             

Just like the open-sourced version, the CBDC Private Ledger can issue digital assets of the likes of XRP that can be used for bridging different currencies. It can also facilitate payments. 

Ripple claims that the ledger will potentially be able to handle up to "hundreds of thousands" transactions per second.   

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The company adds that it's already engaging with central banks to find out how the new private ledger could fit into their plans regarding issuing CBDCs.

More information about the solution is expected in the near future.                          

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.