Ripple has partnered with the Digital Euro Association (DEA) to jointly work on central bank digital currencies (CBDCs).
The DEA, based in Frankfurt, Germany, is a think tank focused on CBDCs, stablecoins, crypto assets and other forms of digital money.
The organization aims to influence CBDC and crypto-related policy through research and giving a platform to policymakers, technologists, and economists to discuss digital assets.
In a new announcement, it describes Ripple as a leader in its field but doesn’t give exact details as to what the partnership will entail.
“Ripple, one of the leading providers of enterprise blockchain and crypto solutions for cross-border payments, has recently developed a blockchain-based infrastructure to support CBDCs and is engaged with Bhutan’s central bank, amongst others, to help execute their CBDC pilot.
Ripple is also a member of the Digital Pound Foundation and continues to extend its efforts around CBDCs worldwide. The DEA partnership with Ripple includes, amongst others, joint educational efforts around digital currencies and knowledge exchange.”
Jonas Gross, Chairman of the DEA said,
“We are thrilled that, due to the partnership with Ripple, we can extend the technological expertise of the DEA community. As more and more CBDC projects worldwide reach advanced stages, technological design of a CBDC will play a key role for policy-makers in the near future, while previous years focused primarily on research.”
Ripple also addressed the partnership in a tweet to its followers and said it was part of its overarching goal of providing CBDC-related solutions on a global scale.
“We’re excited to join the Digital Euro Association as a supporting partner to further develop our work with CBDCs!
This is one part of our larger goal to develop and deliver global solutions for CBDCs and stablecoins through our blockchain and crypto expertise.”Check Price Action
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