Ripple (XRP) has partnered with the central bank of the South American country Colombia to develop possible uses for its blockchain technology.
Ripple and the Central Bank of Colombia combine blockchain technology testing And development took the decision. One pilot APPLICATION The partnership launched under Ripple specifically uses Ripple’s XRP Ledger (XRPL) technology. high value payment system to develop blockchain-based usage areas will intensify.
Pilot implementation Spain-based blockchain firm Peersyst Technology will be carried out in conjunction with The Central Bank of Colombia and the Colombian Ministry of Information and Communication Technologies (MinTIC), open source and focused on sustainable energy powered by Ripple’s digital central bank coin (CBDC) platform based on XRP Ledger, a blockchain develop a high-value payment system will pilot use cases for
In a statement made by Ripple, the project will continue until the end of 2023. tests while specifying in a controlled environment It was emphasized that this would be done without sacrificing resources.
CBDC business development director at Ripple Joe Vollonothe company for over a year He said he was in talks with the Central Bank of Colombia. Vollano, who made a statement on the subject, Steps to be taken in CBDC gave the details:
When we talk about a high-value payment system, we’re usually talking about large-scale, wholesale payments, RTGS systems, and related financial operations and infrastructure that can benefit from Distributed Ledger Technology.
The Central Bank of Montenegro, with Ripple, is the country’s first national stablecoini or CBDChad made a formal agreement to launch a pilot program and strategize for