Ripple Unveils Push To Bring XRP Ledger to Central Banks


Amid an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple is pressing forward to bring the XRP Ledger to central banks.

The cross-border payments company is looking to hire three central bank technical partner managers, one for each of its offices in San Francisco, New York and London.

Whoever fills the new positions will be tasked with designing and deploying central bank digital currency (CBDC) projects.

Ripple notes that banks can issue stablecoins on the XRP Ledger (XRPL).

“Built for payments, XRPL can also be used to support the issuance of stablecoins with a unique, fungible token functionality called Issued Currencies.

Issued Currencies is designed to be the ideal stablecoin platform, providing simple but rich management functionality for the issuer that makes it easy to create, issue and manage any asset – including stablecoins.”

Last week, the Office of the Comptroller of the Currency (OCC) announced banks can use stablecoins for payments while serving as a node on an independent node verification networks (INVN).

Ripple, known for its high turnover, is currently advertising for 27 open positions in total. The company also recently hired Devraj Varadhan to serve as its new senior vice president of engineering.

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Ripple Unveils Push To Bring XRP Ledger to Central Banks - Ripple Unveils Push To Bring XRP Ledger to Central BanksDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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