Can XRP be a “neutral bridge currency” for CBDCs?

Embroiled in legal troubles, Ripple is now seeking ways to apply the technology underlying its XRP cryptocurrency to helping central banks make their digital currencies more interoperable and useful outside their national borders. According to a CBDC white paper published this week by Ripple, XRP can be a “neutral bridge currency” for CBDCs.

Are CBDCs cryptocurrencies?

Though the idea for central bank digital currencies stems from cryptocurrencies and blockchain technology, CBDCs aren't cryptocurrencies. A central bank controls a CBDC, whereas cryptocurrencies are almost always decentralized, meaning they can't be regulated by a single authority, such as a bank. Does the U.S. Have a CBDC? There is no U.S. CBDC.

What is central bank digital currency (CBDC)?

Central Bank Digital Currency (CBDC) is the digital form of a country's fiat currency, which is regulated by its central bank.

What is the CBDC platform?

The CBDC Platform supports the secure destruction of currency, giving the bank full control over supply. With Ripple’s groundbreaking technology, we can experiment with CBDCs within our existing payments infrastructure while ensuring efficient and cost-effective cross-border transfers.