Ripple Joins Efforts to Roll Out Digital Pound

Digital Pound

Global payments solutions provider Ripple has joined efforts to roll out a central bank digital currency (CBDC) in the United Kingdom.

Source: Ripple

Ripple said it would join the non-profit Digital Pound Foundation which focuses on the development and implementation of a digital pound as a Foundation member. It will be represented by Head of Policy Susan Friedman.

The company said it believes that the UK has been at the forefront of growth in the crypto-asset space and that the foundation will help in efforts to advance the UK’s goal to build a more inclusive and sustainable financial system.

Ripple said the digital pound would boost UK efforts to shift into an innovative digital economy and society, as a CBDC will ensure the UK’s place in the emerging global digital landscape.

Ripple last month said it partnered with Bhutan’s central bank, the Royal Monetary Authority, to establish retail, cross-border and wholesale payment use cases.



US Producer Price Gains Slows Down More Than Anticipated

Previous article

US Crude Oil Inventories Up to 427.0 Million Barrels

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News