Ripple, led by CEO Brad Garlinghouse, is actively working with central banks to issue digital currencies, as confirmed by Edward Farina, CEO of Alpha Lions Academy.
Ripple's Role in CBDC Issuance
Edward Farina highlighted Ripple's expanding role in digital finance, referencing comments from Brad Garlinghouse regarding collaboration with central banks on digital currency issuance. Garlinghouse confirmed that Ripple is working with several central banks issuing CBDCs on the XRP Ledger.
Discussion on XRP and Its Usage
Garlinghouse did not specify whether the XRP token is utilized in CBDC implementations, focusing instead on the XRP Ledger infrastructure. This has sparked ongoing discussions in the digital community regarding how Ripple's commercial advancements relate to the demand for the XRP token.
Reaction from the Community to Garlinghouse's Statements
Farina's tweet drew various reactions from digital asset observers. Some noted that the adoption of Ripple's technology by central banks indicates a shift beyond speculative narratives for XRP. Others expressed skepticism about the direct benefits for the XRP token.
Garlinghouse's and Farina's statements underscore Ripple's significant position as a technology partner for central banks exploring CBDC issuance, despite uncertainties about the XRP token's integration in these initiatives.
