"The Ripple company is developing, will the price go up again?"
After many countries have already explored it, the Ripple company that refuses to be left behind has introduced the Ripple CBDC Platform as a solution for governments, central banks or financial institutions to issue their own central bank digital currency (CBDC).
In addition, Ripple is now also reportedly working hand in hand with the Hong Kong Monetary Authority (HKMA) for the launch of the e-HKD Pilot Program.
Turning to the Ripple CBDC Platform, it will provide ways to increase financial inclusion including reducing the risk of domestic and cross-border payments through the power of blockchain technology used for the XRP Ledger.
The string, the platform can not only allow the government or central bank to revamp its financial services with digitization but also promote it to millions of people around the world.
Therefore, the President of the Republic of Palau, Surangel Whipps praised Ripple's CBDC Platform which can help his country create its own CBDC in leading financial and technological innovation, where it will provide greater financial access to Palau citizens.
Next Ripple will also allow financial institutions to hold large amounts of digital currency to manage or participate in settlement and distribution functions between institutions.
Pleased to note that the announcement regarding the Ripple CBDC Platform was made after the company became the only platinum* partner in the CBDC Symposium last month.
*Strategic business development consulting firm delivering integrated business solutions to leading companies worldwide
As of this writing, XRP price has surged by 3.90% to $0.46 in the last 24 hours with a market cap of $24 billion and a 10.81% gain over the past week.
