Ripple to help create a CBDC for this tiny island-nation

2021-11-25 02:00

According to a press release shared by Ripple, the XRP ledger is all set to partner with the Republic of Palau to help circulate digital dollars in the country. The press release also states that Ripple will be working on designing a USD-backed stablecoin that will help create other services such as corporate registries. 

Despite facing turbulent price fluctuations in the market, Ripple has not given up on the idea of becoming the leading crypto player and is now partnering with the Republic of Palau to help the country secure its first digital currency. 

Palau extends support to Ripple

Palau does not possess its independent fiat currency and its citizens rely on USD to manage their purchases. However, Palau has also made it clear that the country does not want to adopt XRP or any cryptocurrency as legal tender but it aspires to issue a digital version of government-backed USD. 

Palau’s President Surangel S. Whipps Jr in this regard has stated that Ripple could provide the necessary technology that would cater to the financial aspects of Palau systematically.  

“As part of our commitment to lead in financial innovation and technologies, we are delighted to partner with Ripple. The first phase of the partnership will focus on a cross-border payments strategy and exploring options to create a national digital currency, providing the citizens of Palau with greater financial access.” He further added. 

Moreover, Ripple maintains an affordable and sustainable blockchain network that offers fast processing of transactions. As per the press release shared, the XRP ledger would facilitate Palau the ability to process transactions in less than five seconds in a cost-effective manner. 

Regulatory issues surrounding Ripple

The news of Ripple partnering with the Republic of Palau has made no significant changes in its market prices. After recording a sudden surge in July, its prices have fallen from $1.4 to $0.86.

The notable reluctance depicted in the prices of Ripple has been attributed to regulatory issues that have plagued the crypto lately. Recently, the Securities and Exchange Commission had sued the company accusing it of selling XRP as an I registered security. The company had later defended its stance on the given accusations, but the case had proved fatal for its reputation in the long run. 

The XRP token which was once included in the top three token list also suffered a major blow and fell to the 7th position following SEC- Ripple fiasco. 

The post Ripple to help create a CBDC for this tiny island-nation appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5114 (-0.01%)
Объем 24H $514.777m
Изменеия 24h: -2.00 %, 7d: 1.69 %
Cегодня L: $0.51 - H: $0.5235
Капитализация $28.276b Rank 7
Цена в час новости $ 1.0462 (-51.12%)

ripple help island-nation tiny cbdc create dollars

Источник: cryptoslate.com

ripple help → Результатов: 126


Фото:

UK’s Paydek expands to Latin America and Africa with Ripple’s help

While Ripple continues its legal battle with the SEC in the United States, the company’s European branch is working on continuing its legacy. In fact, according to a recent announcement by Sendi Young — Ripple’s head of European development of RippleNet — the company has made a deal to help a UK-based firm expand its […] The post UK’s Paydek expands to Latin America and Africa with Ripple’s help appeared first on Invezz.

2021-9-17 15:04


On Campus: Georgetown University Leverages Its Trusted Role in the Nation’s Capital to Help Inform and Shape Blockchain Policy Worldwide

To have lasting global impact, blockchain technology requires a transparent and informed collaboration between innovators, business leaders and policymakers. Can a university serve as a trusted intermediary between all three parties?  In this edition of On Campus, Professor Reena Aggarwal shares how Georgetown University is strategically using Ripple’s UBRI grant to educate future stakeholders while … Continued The post On Campus: Georgetown University Leverages Its Trusted Role in the Nation’s Capital to Help Inform and Shape Blockchain Policy Worldwide appeared first on Ripple.

2019-9-25 21:06


На Change.org появилась петиция с призывом к Ripple не обрушивать цену XRP

Криптоэнтузиаст и завсегдатай Twitter под ником CRYPTO BITLORD опубликовал на Change.org петицию, призывающую компанию Ripple перестать «сливать» токены XRP, обрушивая их цену. 🚨 Nearly 1000 signatures!🚨 “Stop ripple dumping $XRP “ If you haven’t joined the cause, do so now ✅ You can help stop the selling and together, we can pump this shitcoin to […]

2019-8-9 11:34


Digital Currency Regulation Around the World

A conversation with Michelle Bond, Ripple’s Global Head of Government Relations  The entrance of Facebook’s Libra whitepaper has caught the world’s attention. While many look to the U.S. to help define a framework for digital assets and blockchain regulation, the question remains: Will policymakers strike the right balance between fostering innovation and protecting consumers? What … Continued The post Digital Currency Regulation Around the World appeared first on Ripple.

2019-8-9 23:00


MoneyGram Is Using XRP In Cross-Border Settlements, Reveals Q2 Report

Ripple and MoneyGram established a partnership on June 17th, 2019. The new partnership is expected to help with working capital needs, while improving profits. MoneyGram has long been one of the largest money transfer companies in the world, so why wouldn’t they take an opportunity to partner with Ripple? Their collaboration just began on June […]

2019-8-3 02:30


New Pink Care Token (PCAT) Sees Binance, Tron, Ripple And 44 Others Work To Help Countries Alleviate Period Poverty

There are many different applications and uses for blockchain technology available in different sectors which may not necessarily require any expert professional knowledge. Health, education and the financial sector are just three of the major industries where the application of blockchain technology is increasingly becoming common.

2019-7-3 21:40


Ripple CTO, David Schwartz Says RippleNet Will Help Eliminate Traditional Payments Systems

Traditional payment methods are largely still being used by most of the world’s financial institutions for their core businesses. Even though cryptocurrency offers speeds unmatched by traditional methods especially with cross-border payments, not everyone is very excited about the complete switch to cryptocurrency or blockchain solutions for their business. This is one of the reasons […]

2019-6-14 16:46


Developer Shares New Google Chrome Extension To Help Identify Trustworthiness Of XRP Addresses

Developer Creates New Google Chrome Extension To Help Identify Trustworthiness Of XRP Addresses Ripple is by far one of the most active cryptocurrency and blockchain related firms, constantly trying to not only increase its community but also proffering crypto related solutions for many businesses all over the world. This much work, presence, and effort put […]

2019-5-24 20:21


Ripple Insights on Why Blockchain Needs to be More Than Just a Technology with ‘Potential’…

Many of our readers may have heard people saying that the blockchain industry has a lot of potential and that moving forward, peer-to-peer payment systems and smart contract solutions based on this technology could help rid the world of large banking conglomerates and other centralized institutions. However, as things stand, we only have a handful […]

2019-5-17 18:54


Ripple’s Partnership with Al Ahli Bank is Result of Wanting to “Reimagine a Simpler Bank” Says CTO

Ripple has been successful in earning itself a reputable name across the globe, especially through the numerous partnerships established with banks all over the place. As previously reported by Bitcoin Exchange Guide, the alliance formed by Ali Ahli Bank of Kuwait (ABK) and Ripple will help the former better in their technological sense, while making […]

2019-5-13 21:29


Ripple Partner Bank of England’s Governor Promises to Reinvent the Central Bank for ‘Fourth Industrial Innovation’

Mark Carney, the governor of Bank of England vows to reinvent the central banks to make it fit for the “new economy” of “Fourth Industrial Revolution.” The central bank has been opening up its payments infrastructure to fintech startups, said the governor, making climate change a key priority and embracing artificial intelligence to help the […]

2019-4-30 18:34


Ripple’s initiative invests in Bolt Labs to improve secondary payment channels and expand interoperability

Ripple’s arm, Xpring which invests and incubates in companies and individuals which help improve the XRP ecosystem, invested in Bolt Labs. With the new investment, Xpring hopes to develop solutions that will help improve the security of secondary payment channels and increase the interoperability by integrating with the ILP.

2019-4-18 13:15


RationalFX to Partner with Ripple for Making RippleNet-Based Payments To Over 200 Destinations

RationalFX, a foreign exchange United Kingdom-based firm, has recently started a partnership with Ripple, the creator of the XRP token and of cross-currency transfer initiatives like xRapid. According to the announcement of the company, it will be able to make cross-border transactions with over 200 locations using the help of RippleNet. This is an important […]

2019-4-5 03:46


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

ECB exec allays privacy concerns surrounding digital euro

In a recent meeting with the European Parliament’s Committee on Economic and Monetary Affairs, Piero Cipollone, a member of the ECB Executive Board, discussed the forthcoming digital euro, specifically its privacy features, infrastructure procurement, and operational standards.