A former Ripple executive is speaking out about how the firm’s previous work with central bank digital currencies, also known as CBDCs, may help XRP’s growth . Welfare also pointed out that the next step is making CBDCs, stablecoins, and other forms of digital money work together. If this happens, XRP could benefit and play a bigger role in the market.

Ripple’s CBDC Pilots Shaped XRP Ledger Development

In a post shared on X, Anthony Welfare, who worked as an adviser for the fintech company, explained that Ripple’s CBDC trials between 2021 and 2024 had a significant impact on the XRP Ledger. The first trials began in 2021 with Bhutan and Palau. By 2023, Ripple had also formed partnerships with the central banks of Montenegro and Colombia. In the same year, the company a

See Full Page