Payment protocol, Ripple, is offering its XRP Ledger and payment platforms to central banks for the development of the central bank digital currencies (CBDCs). The global head of client solutions at Ripple, Ross Edwards, said that the toolset the company is offering to central banks would help the institutions implement the various CBDCs. Apart from the XRP Ledger, the payment protocol offers its Interledger Protocol and PayID, which is now called Paystring.
In addition, the Ripple executive said that the products the company is offering would facilitate the development of CBDCs in the private and public sectors.
Edwards the details on Ripple’s offering during a presentation on the 14th of December. He noted: