Ripple, the digital payment network behind XRP, has launched a new platform that allows central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDC). The platform, called Ripple CBDC Platform, leverages blockchain technology to manage and customize the life cycle of fiat-based CBDCs and stablecoins. Despite concerns about CBDCs posing risks to financial privacy and economic freedom, Ripple believes its platform will enable instant settlement of domestic and cross-border payments, reduce risk, and improve the user experience. Ripple CEO Brad Garlinghouse also revealed plans to focus hiring efforts outside the US to expand the company's international footprint.

What do you think about this new Ripple initiative? Is it against financial freedom then?


Source: https://crypto-economy.com/ripple-launches-cbdc-platform-for-banks-governments/