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❕NEWS Ripple Supports The Development Of Digital British Pound CBDC

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Ripple has partnered again with another non profit organization called Digital Pound Foundation which helps in facilitating the rollout of Central Bank Digital Currency in the United Kingdom. The firm will be represented at the Foundation by Susan Friedman, who is also the Head of Policy, also this will show the height of the country’s support for innovation in crypto space.
 

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Ripple have seen the benefits around cryptocurrency, and truly wants to support the development around the British digital pounds. I know such innovation is still at the beta, let's see what the future holds for it.
 

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Others have seen the needs to support the existence of crypto currency and what it entails so they are all massively supporting it. I know the future is bright for it
 

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Others have seen the needs to support the existence of crypto currency and what it entails so they are all massively supporting it. I know the future is bright for it
I am also optimistic about the future of cryptocurrency especially some coins that have really stood out and improved in their use case.
 

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I think we need to get this news straight. Ripple is the company in charge their of XRP coins and I don't see any reason for them again to be supporting CBDC. I hope we all know that dogital currency is not the same as crypto currency. Crypto currency is just an example of digital currency. Anyway, let's fold hands until details about the news still ensue.
 

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I think we need to get this news straight. Ripple is the company in charge their of XRP coins and I don't see any reason for them again to be supporting CBDC. I hope we all know that dogital currency is not the same as crypto currency. Crypto currency is just an example of digital currency. Anyway, let's fold hands until details about the news still ensue.
If you have been following the activities of ripple closely you will discover that they have some many partnership deal with traditional banks aside their cryptocurrencies projects of developing ripple so personally I am not surprised for them to support CBDC project.
 

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If you have been following the activities of ripple closely you will discover that they have some many partnership deal with traditional banks aside their cryptocurrencies projects of developing ripple so personally I am not surprised for them to support CBDC project.
I think I have heard them partnering with some banks which to me may be a welcome development in as much the banks will be using the coin for transaction. But supporting CBDC is somehow shooting oneself at the leg. Digital currency is the exact opposite of crypto currency because it is highly centralized and being controlled by the government unlike crypto currency.
 

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I think I have heard them partnering with some banks which to me may be a welcome development in as much the banks will be using the coin for transaction. But supporting CBDC is somehow shooting oneself at the leg. Digital currency is the exact opposite of crypto currency because it is highly centralized and being controlled by the government unlike crypto currency.
Cryptocurrency developers are not really against countries developing their own Central Bank digital coin because it doesn't in any way affect the growth of cryptocurrency rather it makes support ease of transaction because everything will not be online or digital rather. Ripple is just being proactive .
 

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Cryptocurrency developers are not really against countries developing their own Central Bank digital coin because it doesn't in any way affect the growth of cryptocurrency rather it makes support ease of transaction because everything will not be online or digital rather. Ripple is just being proactive .
Then what is the gain of the Ripple in supporting the creation of CBDC ? I understand that Ripple may be a gainer if the company decides to partner with banks that will be using XRP for transactions. But there is nothing like using coin in CBDC and even if there is to be coin, it won't be volatile.
 

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Then what is the gain of the Ripple in supporting the creation of CBDC ? I understand that Ripple may be a gainer if the company decides to partner with banks that will be using XRP for transactions. But there is nothing like using coin in CBDC and even if there is to be coin, it won't be volatile.
The company doesn't gains anything from such but the fact that mutual relationship exist between the company and the bank will encourage them to support the CBDC project. In the same way the CBDC project doesn't in any way affect the activities of ripple in the market.
 

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This is good and another factor to get them into the news for positivity after the formerly faced lawsuit issues it had ,I think ripple is really promising ,investors needs to maximize investing to make gains at every point in time ,if they could invest in it and Ripple continue to show more support ,in the future it would have the benefit it's going to add to aid in more development in that range
 

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I also have the believe that ripple is a wonderful coin to invest in and the company rippleX is very proactive in partnering with banks such that a few years from now when banks will be fully operational into cryptocurrency they will have edge over other coins and developers.
 

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I also have the believe that ripple is a wonderful coin to invest in and the company rippleX is very proactive in partnering with banks such that a few years from now when banks will be fully operational into cryptocurrency they will have edge over other coins and developers.
I even can't wait for the time that the banks would start creating volatile cryo coins that would be awesome ,the banks are really putting more concerns on the development of cryptocurrency and I am really happy to see them do so , because their contribute will really matter a lot for the development of cryptocurrency
 

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Ripple has taken a smart move to help in the development of British CBDC. San Francisco based Ripple started out initially as a blockchain based digital network for payment settlement exchange similar to SWIFT (for transferring international payments).


Ripple had to face a lot of challenges legally but they still kept moving fearlessly. It was a time when government officials especially in the financial sector could not digest the very word 'cryptocurrency'.


They have advanced so much regardless of the negatives and now they have taken one step ahead to get the pampering and be in the good books of the financial authorities.
 

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