Ripple releases CBDC white paper, emphasizing support for central bank digital currencies
On December 15th, according to Cointelegraph, Ripple released a CBDC whitepaper on December 14th, emphasizing support for central bank digital currencies.
In the document, Ripple explains the basics, advantages, and risks of CBDCs, as well as the obstacles to widespread adoption. The whitepaper notes that CBDCs help expand financial inclusion, simplify cross-border payments, and strengthen monetary policy control. CBDCs are needed to support the most significant positive impact of asset tokenization, which is an increasingly targeted mechanism for converting tangible assets into digital tokens stored on the blockchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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