Tuesday, October 26, 2021
Home Crypto News Market Ripple Wants To Serve As A Bridge For CBDCs-PAC Global Launches XRP...

Ripple Wants To Serve As A Bridge For CBDCs-PAC Global Launches XRP Node

- Advertisement -

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.

 

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.

 

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.

student coin ico

- Advertisement -
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Good Games Guild Announces Triple IDO on Seedify, Ignition, MoonStarter

Jakarta, Indonesia, 24th October, 2021, Good Games Guild, a gaming hub that aims to create the largest virtual world economy by optimizing its owned...

YearnNFT Finance: An Advanced Approach to NFTs with Digital Art and Collectibles

Since August, the market sales with respect to NFTs have skyrocketed, where a single NFT sales round up to millions worth. There have been...

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.