🚨 Ripple has launched a new CBDC platform designed to enable governments, central banks, and financial institutions to issue their own digital currencies. By the way, Ripple has continued to defy the odds and stay ahead of the curve not minding the pressure from the Ripple Vs the SEC lawsuit, but, how long can it continue to stand strong? Moreover, how bad will it be for Ripple if Judge Torres moves the fair notice defense issue to trial? 🔥 🎉 We have exclusive giveaways and XRP daily news ! 😊 #XRP #Ripple #XRPNewsToday 🔔 SUBSCRIBE, LIKE the videos and don't forget to ACTIVATE notifications to receive XRP news every day: https://www.youtube.com/c/XRPLAB?sub_... 👇 What are we going to talk about in today's XRP video? ⏰ CHAPTERS: 0:00 XRP News today. 1:11 Ripple Labs, a Silicon Valley-based fintech company, has launched a central bank digital currency platform. 3:36 Ripple is still actively hiring and buying despite facing an SEC lawsuit. 4:54 Attorney Jeremy Hogan, asserts that it will “bode bad” for Ripple if Judge Analisa Torres moves the Fair Notice Defense issue to trial. 7:23 Will a surge in XRP price result in a 640% increase? 10:55 XRP Conclusions. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚠ DISCLAIMER: WE ARE NOT FINANCIAL ADVISORS. Disclaimer: Any investment you make is your own responsibility. We are not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. You should not buy, sell, trade, or invest in any asset based on what we say in these videos. You should know that investing carries extreme risks. You could lose your entire investment. This is not trading advice, and we are not liable for any losses incurred. BEWARE of Scammers we will never ask you for money on Whatsapp or any other platform.DO NOT CLICK ON ANYTHING,COMMENTS or EMAIL that claim to be our channel. Please report all Scammers and IMPOSTERS to Youtube. 👇 Give me more information about today's video👇 Ripple has launched a new CBDC platform designed to enable governments, central banks, and financial institutions to issue their own digital currencies. By the way, Ripple has continued to defy the odds and stay ahead of the curve not minding the pressure from the Ripple Vs the SEC lawsuit, but, how long can it continue to stand strong? Moreover, how bad will it be for Ripple if Judge Torres moves the fair notice defense issue to trial? Finally, the XRP price has been dwindling lately due to the pressure from the ongoing lawsuit but, will a surge in XRP price result in a 640% increase? Stick with me till the end to find out more. Ripple Labs, a Silicon Valley-based fintech company, has launched a central bank digital currency platform. According to a press release on May 18th, the proprietary platform for CBDC will allow governments, central banks, and financial institutions to issue their own digital currencies. Ripple’s CBDC Platform is an enhanced version of the company’s Private Ledger, which went live in 2021. Per the announcement, the Ripple CBDC Platform is powered by the XRP Ledger. With the new platform, government institutions can effectively manage the entire life cycle of fiat-based CBDCs, including minting, distribution, redemption, etc. The platform will allow financial institutions to participate in inter-institutional settlements using digital currency. Furthermore, central banks can leverage the solution to develop retail and wholesale CBDCs. Notably, the platform will enable both government and central banks to bring the next level of digitization to their financial services. Consequently, the initiative will allow millions of unbanked people globally to gain access to financial services. Commenting on the development, VP of Central Bank Engagements & CBDCs James Wallis said the innovative capabilities of the platform would enable instant settlements for domestic and cross-border payments. He added that the platform would mitigate the risks of sending and receiving digital currency on either side of a transaction. “As a trusted partner to several central banks, we believe this platform will help solve problems for many central banks and governments who are devising plans and developing a technology strategy for CBDC Implementations,” said Walls. It bears mentioning that the new CBDC platform’s capabilities will be demonstrated via the e-KHD pilot, a program run by the Hong Kong Monetary Authority, the region’s de-facto central bank. Ripple is one of the pioneers of CBDC development. Several central banks have partnered with Ripple on different CBDC pilot programs. Some of these financial institutions include the central banks of Montenegro, Palau, Bhutan’s apex banks, etc. Interestingly, Ripple’s efforts toward CBDC development have not gone unnoticed. Earlier this month, Ripple was ranked as an established leader for central bank digital currencies.