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Ripple is testing a version of its distributed ledger for central bank digital currencies, saying its technology can add scale and speed for mass issuance.
Blockchain company says XRP can be a bridge asset between CDBC and other digital currencies, reports Finextra. The claim is a potential source of controversy as the Securities and Exchange Commission is suing Ripple and pushing for XRP to be regulated as an investment.
Other companies such as Visa and BNY Mellon are working to provide private sector support for CDBCs, which are expected to be introduced in several countries over the next few years.
Bitfinex offers a gateway designed to reduce …
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- Headline: Ripple pushes XRP for digital currencies from central banks; Revolut’s bank is growing
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