Ripple CBDC advisor announces that the firm has attained its first-ever award related to CBDC for its exceptional advancements in digital currency.
Antony Welfare, the Advisor for Ripple’s Central Bank Digital Currency (CBDC) division, recently took to Twitter to share his excitement over Ripple’s remarkable achievement.
Tweeting from the Ripple NYC office, Welfare announced that Ripple had received its first-ever CBDC award at the prestigious 2023 Digital Currency Conference.
Working in the @Ripple NYC office this week and very pleased to see our first ever #CBDC award ? Awarded by @CurrencyResearc at the 2023 Digital Currency Conference for our: Advancement in Digital Currency, Best Sustainability Initiative ✅
Ripple, has a long history (from… pic.twitter.com/lsuErncYtD— Antony Welfare (@AntonyWelfare) July 10, 2023
The award, bestowed by Currency Research, a leading global resource for central banks and their suppliers, recognized Ripple’s exceptional advancements in digital currency and hailed their Best Sustainability Initiative.
In his tweet, Welfare proudly highlighted Ripple’s unwavering commitment to sustainability, a core value ingrained in the company since its inception. He affirmed that Ripple’s CBDC team is dedicated to developing sustainable, long-term solutions for their valued customers and trusted partners.
Accompanying his tweet was an image of the coveted award, “Best Sustainability Initiative — Ripple,” signifying the firm’s noteworthy contribution to the digital currency space.
Crypto Community Reacts
Welfare’s tweet promptly gained significant traction, garnering over 148.8k engagements from the XRP and the broader crypto communities. The comment section was flooded with congratulatory messages and acknowledgment of Ripple’s outstanding achievements.
Among the well-wishers, one user admired Welfare’s accomplishments, playfully suggesting that he could be crowned the “crypto cutie of 2023” if he continued to excel in his endeavors.
However, not all responses were filled with unmitigated enthusiasm. A Bitcoin maximalist offered a mixed perspective, expressing support for Ripple’s triumph over the U.S. Securities and Exchange Commission (SEC) while emphasizing the potential implications of backing Ripple.
The commenter cautioned that fervent support for Ripple and XRP could inadvertently aid what he considered the “bad guys” in the ongoing legal battle against the SEC.
Ripple CBDC Efforts
Before this announcement, Antony Welfare had been actively championing the adoption and application of CBDCs via Ripple solution.
Recently, as The Crypto Basic reported, Welfare underscored the rising prominence of CBDCs worldwide and highlighted Ripple’s focus on real-world use cases for these digital currencies.
Speaking at a CEE Fintech conference in Romania, Welfare shared two notable use cases: “Tokenization is the Future of Real Estate” and the integration of Ripple’s CBDC platform for secure lending protocols using tokenized real estate as collateral.
It is worth mentioning that the Ripple CBDC solution is now the trial base for at least five countries, as The Crypto Basic disclosed.
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.
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