Ripple works with Colombia’s central bank for CBDC development
Ripple is pressing forward by partnering with Banco de la República, Colombia’s central bank, to probe the potential applications of blockchain technology in the financial sector, and a CBDC. Amid a two-year-long battle with the U.S. Securities and Exchange Commission (SEC), Ripple hasn’t missed a beat in progressing its network. The SEC accused Ripple of treating XRP, its native token, as a security. Nonetheless, the lawsuit didn’t deter Ripple’s ability to grow. Recent development s highlight Ripple’s partnership with Colombia’s central bank, Banco de la República, signifying its ongoing commitment to exploring and innovating blockchain technology applications. BOOOOOOOOOOOOOM !!!! #RIPPLE partners with CENTRAL BANK OF COLOMBIA to build CBDC based upon the #XRPL #XRP to take over the FINANCIAL SYSTEM pic.twitter.com/VvQ63UxciI — EDO FARINA 🅧 XRP (@edward_farina) June 15, 2023 Banco de la República, together with the Ministry for th...