Ripple wants to serve as a bridge for central bank digital currencies (CBDCs) and PAC Global Launches XRP Node.
CBDCs are stable coins, whose value is linked to the national currency of a country. The European Central Bank (ECB) is researching this, China is already testing a digital Yuan.
Ripple describes in the report, called ”the Future of CBDCs,“ that XRP could serve as a neutral bridge to connect the various upcoming CBDCs. According to the report, central banks currently pay too little attention to cross-border payments with CBDCs.
Ripple calls the introduction of CBDCs “one of the most defining transformations in the history of money” and hopes to sell itself as an international player to government agencies.
— Ripple (@Ripple) March 20, 2021
PAC Global announces that the company now operates an XRP node.
A node is a computer that is connected to the crypto network and validates transactions. The company announced this on March 24 via Twitter.
Ripple is currently in court with the U.S. Securities and Exchange Commission (SEC). The company is accused by the regulator of the illegal sale of XRP. But PAC global has shown their support to Ripple by running a XRP node validator.
We are proud to show our support to ripple and the xrp community while offering similar deployment to other networks seeking further decentralization.
— PAC Global (@PACcoinOfficial) March 24, 2021
Currently ,the # RelistXRP is trending on Twitter, XRP fans are hoping that crypto exchanges that had removed XRP because of the lawsuit should relist XRP again.