Ripple partners with Digital Euro Association to work on CBDCs

The Digital Euro Association (DEA) announced a partnership with Ripple (XRP/USD) to collaborate on central bank digital currencies (CBDCs), DEA posted on its website. Ripple is also cooperating with Bhutan’s central bank to carry out the latter’s pilot CBDC project.

Ripple developed blockchain infrastructure to support CBDCs

Ripple is a leading provider of enterprise crypto and blockchain solutions for cross-border payments. They have developed blockchain-based infrastructure to support CBDCs and extend efforts around these currencies globally as a member of the Digital Pound Foundation.

The partnership will include mutual educational efforts around digital currencies and knowledge exchange.

James Wallis, VP of Central Bank Engagements at Ripple, commented:

Jonas Gross, Chairman of the Digital Euro Association, said:

About the DEA

The Digital Euro Association (DEA) is a think tank specializing in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money based in Frankfurt, Germany. In particular, it focuses on the digital euro.

About Ripple

Ripple’s long-term vision is to enable the Internet of Value, where the world moves value like information moves today.

Through RippleX, Ripple contributes to accelerating the Internet of Value by participating in a community of developers and inspiring members to build solutions that use the XRP Ledger, its native digital asset XRP, and related technologies.