News Explorer — Ripple Rolls Out CBDC Platform for Central Banks, Governments

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May 18, 10:00 am

Coindesk

Ripple Rolls Out CBDC Platform for Central Banks, Governments

Ripple is introducing a platform for central banks, governments, and financial institutions to issue their own digital currency. The platform allows for the management and customization of the entire life cycle of the CBDC, including minting, distribution, redemption and token burning. Additionally, the platform is based on Ripple's XRP Ledger and is an enhanced version of Ripple's Private Ledger.

Ripple is introducing a platform for central banks, governments, and financial institutions to issue their own digital currency. The platform allows for the management and customization of the entire life cycle of the CBDC, including minting, distribution, redemption and token burning. Additionally, the platform is based on Ripple's XRP Ledger and is an enhanced version of Ripple's Private Ledger.

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