BIS Project Mariana Does Not Use XRP or Ripple Technology: Details

The Bank for International Settlements' Project Mariana, aimed at streamlining the transfer of wholesale central bank digital currencies (wCBDCs), does not involve Ripple's technology or XRP, according to a thorough examination of the initiative's interim report.

thecryptobasic.com

Relevant topic timeline:

8/21/2023

Ripple reveals 8 countries building CBDCs on XRP Ledger

Ripple has launched a Central Bank Digital Currency (CBDC) platform on the XRP Ledger, and already over 8 countries, including Russia, Japan, and the UAE, are building CBDCs on the platform, with more than 15% of global nations in talks with Ripple to adopt its technology.

8/25/2023

"Western Union Explores Ripple's Blockchain and XRP to Revolutionize Money Transfers"

Western Union is considering using Ripple's blockchain technology and XRP token to optimize capital and settle transactions, reflecting a growing trend of major financial institutions incorporating cryptocurrencies into their business.

8/26/2023

XRP Price Prediction as XRP Becomes Top Performing Coin in the Market – Is the Sell-Off Over?

### Summary Ripple (XRP) has seen a significant rise in price due to a bullish trend in the cryptocurrency market, positive news about partnerships, and its growing popularity in South Korea. Financial institutions are adopting Ripple's technology for cross-border payments, validating the utility of XRP. However, caution is advised as the market remains highly volatile, and XRP's future performance is uncertain.

9/6/2023

XRP Remittance Tech Expanded to Three Countries by $138,000,000,000 Financial Giant’s Subsidiary - The Daily Hodl

Ripple Labs is partnering with SBI Remit to provide international remittances to the Philippines, Vietnam, and Indonesia using XRP, allowing citizens in those nations to receive remittances in their native currencies.

9/8/2023

SEC Seeks Appeal in Ripple Lawsuit, Citing Need for Appeals Court to Settle Key Legal Questions

The U.S. Securities and Exchange Commission (SEC) argues that Ripple's violation of securities law, specifically in making XRP available to retail investors, needs intervention from the appeals court in order to settle the case.

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Posted 8/22/2023, 7:20:44 AM