XRP News Today: Bank of France Officially Testing Ripple’s Ledger for Digital Euro

A recent academic study from Ulster University has revealed that the Bank of France is officially testing Ripple’s private ledger as a foundation for a Euro-based Central Bank Digital Currency (CBDC). 

The update was shared on X by crypto analyst WrathofKahneman, marking what appears to be the first confirmed trial of Ripple’s blockchain for a national CBDC in France.

Ripple’s Private Blockchain Gets a Seat at the Table

According to Kahneman, the findings show that Ripple’s private ledger is currently undergoing active testing by the Bank of France. This positions Ripple as a serious contender in the fast-evolving race to provide blockchain infrastructure for government-issued digital currencies.

As more governments explore blockchain-backed currencies, France’s involvement is especially significant due to its influence as a leading member of the European Union.

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Why This Ripple-Powered CBDC Trial Is So Important

• Institutional Validation: The Bank of France testing Ripple’s ledger signals strong institutional trust in Ripple’s blockchain, despite past regulatory battles in the U.S.
  
• EU-Wide Implications: If the trial proves successful, Ripple’s infrastructure could be considered for broader digital euro discussions across the European Union.
  
• Tech Over Token: This development underscores Ripple’s value not just as a cryptocurrency but as a blockchain infrastructure provider for real-world finance.
  
• First-Mover Advantage: While other players are still developing platforms, Ripple’s ready-to-deploy ledger could give it a major edge in global CBDC rollouts.
  

Getting Ahead in the Global CBDC Race

With major players like China already moving forward with advanced CBDC programs, Europe risks falling behind. Ripple’s ready-to-deploy solution gives it an advantage over other platforms that are still in development.

Why This Matters

Ripple’s quiet entry into CBDC testing in France might just be the beginning of something much bigger. As central banks around the world look for trusted partners to power the future of money, Ripple is positioning itself as a key player in the next phase of digital finance.

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