Ripple, a leading blockchain firm, is reportedly in talks with the Reserve Bank of New Zealand for the development of a central bank digital currency (CBDC) on the XRP ledger (XRPL). The discussions aim to explore the potential of using the XRPL for developing CBDCs. The partnership is part of a global trend towards embracing digital currencies and aims to leverage the XRPL’s efficiency and scalability for CBDC implementation. As countries continue to explore digital currency adoption, collaborations like these will play a crucial role in developing efficient and secure CBDCs.
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