During a recent interview with Thinking Crypto, Asheesh Birla, the general manager of RippleNet, said that Ripple had been talking to central banks “for a long time.”
As reported by U.Today, the San Francisco-based private company announced that it had started pitching a private version of the XRP Ledger to central banks.
Birla claims that its speed of transaction makes it “a natural fit” for central bank digital currencies:
Apart from CBDCs, Ripple is also having discussions with banks about other technologies, according to Birla.I think you are going to see more and more central banks around the world realize some of these benefits. Again, it’s not gonna happen overnight. We wanna build and gain momentum.
Biggest Bitcoin (BTC) Price Test Incoming, XRP Remains Dominant: Eyes For $3.5, 45% Solana (SOL) Pump Might Be Only Beginning'Rich Dad Poor Dad' Author on Bitcoin: 'Buy More'SHIB Price Collapses as 66 Million Coins Burned Out of CirculationRipple Exec Makes Bold 2025 Stablecoin Prediction: Details
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.