Ripple announces new collaborations with the Central Bank of Colombia and the University of Toronto XRP Ripple Colombia
- The Central Bank of Colombia has announced a new partnership with Ripple and Peersyst to explore blockchain technology use cases and the creation of a central bank digital currency .
“The Banco de la República in Colombia and MinTIC forward-thinking on blockchain innovation will unlock new ways organizations operate in the digital era," said James Wallis, Ripple’s VP of Central Bank Engagements and CBDCs. “By harnessing the power of the CBDC Platform, based upon the XRPL, this project will pave the way for transformative advancements in the utilization of blockchain technology within the public sector.
Ripple’s CBDC platform provides an end-to-end solution for central banks, and will be utilized in a controlled environment for the experiment to prevent the possibility of compromising public resources. “In the case of payments and technology for central banks, Ripple is a benchmark leader in the industry and one of the best allies to apply the potential of its large-value payment system’s technology at Banco de la República,” Ferran Prat, CEO of Peersyst Technology said.
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