Before the earthquake in the crypto money sector, those who were having a hard time XRP, especially Ripple It desperately needs good news from the front.
Many partnership news that Ripple has given before had a positive impact on the price, and therefore, it can be said that the current news is also related to this in the long run.
This time, Ripple, which has signed a partnership with the central bank, not directly with a company, continues to expand its business in Asia. Ripple, which has started trial studies with the central bank of Bhutan, one of the Asian countries, is taking steps directly for the central bank’s own digital currency.
Ripple and the Central Bank will make a sound
The San Francisco-based company will integrate its own blockchain technology into Bhutan’s existing payment system, which could actually be expected to reach millions of new users.
The central bank, which will benefit from the Ripple partnership, will use its own digital currency for cross-border payments and remittances. In addition, it is reported that it will be integrated into various payment systems.
In a statement on the subject, CEO Brad Garlinghouse emphasized that they will develop a platform where different central bank digital currencies can be used in cooperation.
The partnership has actually been talked about for a while, and Tashi Yezer, senior payments manager at the Central Bank of Bhutan, had previously taken the stage as a speaker at Ripple’s Swell conference. With this step, Ripple has offered its own network as a service to a central bank.