Ripple’s CBDC Advisor Hints New Updates in Next Few Weeks

Welfare replied to a tweet from a prominent member of the XRP community.

Certainly in the next few weeks is a rather vague timescale.

According to Ripple’s Antony Welfare, additional CDBC will be announced in the coming weeks. At Ripple, Welfare is in charge of advising on matters related to CBDC.

Welfare replied to a tweet from a prominent member of the XRP community @sentosumosaba. The tweet references an interview with Welfare dated June 17, 2022, which includes notable lines like “Ripple has several pilots in the progress for CBDCs, including the Royal Monetary Authority (RMA) of Bhutan and the Republic of Palau.”

As stated on their website:

“Our RippleX business unit is focused on making it easy for developers to build on and with the XRP Ledger, as well as partnering with others in the crypto space on use cases like NFTs and CBDCs (aka tokenised assets).”

XRP Community Excited

He thanked Sento for mentioning him and asked to follow him for new updates on CBDC in the next few weeks. Certainly, “in the next few weeks” is a rather vague timescale. The Ripple XRP community has been buzzing with CBDC rumors, so this is exciting news even without them.

During the next two days in Las Vegas, during the Apex XRPL Developer Summit, several innovative XRP payment options will be presented. Particularly, the forum will showcase a pathfinding-based solution for XRP payments and refunds, as stated by well-known XRPL Labs engineers Wietse Wind and Dominique Blomsma.

CBDC concerns will be discussed during the summit in some depth. Most notably, the CBDC Innovate Challenge finalists will be revealed. According to CMC, the XRP price today is $0.316695 USD with a 24-hour trading volume of $1,255,867,675 USD. XRP is down 5.55% in the last 24 hours.