Ripple Issues White Paper on CBDC Potential, Citing Opportunities and Barriers
• Ripple issues white paper stating CBDCs expand financial inclusion, streamline cross-border payments, and reinforce monetary policy control • Cites barriers to CBDC adoption like lack of regulatory framework, end-user adoption, and interoperability • Highlights Ripple's role developing CBDCs with over 20 central banks globally • Predicts $5 trillion worth of CBDCs circulating in major economies over next decade • Ripple VP previously expressed optimism for central bank engagements to enable low-cost financial services