Ripple works with Colombia’s central bank for CBDC development

Ripple works with Colombia’s central bank for CBDC development



Ripple is pushing forward with its partnership with Colombia's central bank, Banco de la República, to explore the potential uses of blockchain technology and a central bank digital currency (CBDC). Despite facing a legal battle with the U.S. Securities and Exchange Commission (SEC) over the classification of its native token XRP as a security, Ripple remains committed to advancing its network.



The collaboration with Banco de la República demonstrates Ripple's ongoing dedication to innovation and the exploration of blockchain applications. The central bank, in conjunction with the Ministry for Information and Communications Technologies (MinTIC), has expressed interest in testing Ripple's CBDC platform. They aim to leverage this technology to enhance their existing high-volume payment system. This initiative aligns with MinTIC's c


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