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HomeCrypto NewsMarketRipple Ranked as Established Leader for CBDCs

Ripple Ranked as Established Leader for CBDCs


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Ripple has achieved a new feat following its significant CBDC efforts.

Ripple’s CBDC advisor Anthony Welfare disclosed in a tweet yesterday that the Silicon Valley-based tech company was ranked as a top and established leader for Central Bank Digital Currencies (CBDCs).

Ripple was ranked number one and an established leader for CBDC (from 15 vendors),” Welfare tweeted yesterday.


According to data shared by Welfare, Ripple was ranked as an established leader for CBDC for multiple reasons, including the company’s existing success with RippleNet. 

Other reasons include Ripple’s technological capabilities within the CBDC space and its existing deployments and growth within the emerging space. 

Ripple was ranked as an established leader for CBDC alongside other top fintech companies, including Stellar, Mastercard, R3, etc. 

CBDC Annual Payment to Spike to $213B By 2030

Notably, the development was first shared in a recent report by Juniper Research, a group of experts analyzing today’s fintech & payments market. 

Per the report, the value of CBDC payments is expected to grow to a whopping $213 billion annually by 2030. This is a massive surge compared to the current annual growth of $100 million. 

Juniper Research noted that the annual value of payments via CBDC has been relatively low because CBDC adoption is currently limited to pilot projects. 

It speculates that governments across the world will drive widespread CBDC adoption. According to the report, these governments will leverage CBDC to boost financial inclusion and increase their control over how people make digital payments.  

Ripple’s Efforts in CBDC Development 

Several countries have selected Ripple to work on different CBDC pilot programs. 

As reported earlier, the Central Bank of Montenegro partnered with Ripple to develop a pilot program for Montenegrin’s digital currency. Similarly, Ripple partnered with Palau and Bhutan’s central banks to create different CBDC pilots. 

Earlier this year, Welfare revealed that Ripple has collaborated with more than 20 countries on CBDC development.  

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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