XRP WILL DOMINATE THE CBDC SPACE: The Bigger Picture Behind Ripple/XRP
RIPPLE XRP WILL DOMINATE THE CBDC SPACE Despite facing the lawsuit from the Securities and Exchange Commission (SEC), the independent agency of the United States, the San Francisco-based blockchain payments company Ripple continues to develop its ecosystem as it has announced a new development. This new development is likely to make XRP Ledger (XRPL) strong enough to compete with the world’s second largest blockchain network Ethereum. Hey guys! Welcome back to crypto millionaires! A channel where we give information to you about investing in crypto! Please like and subscribe if you are new here to get everything you need to know about cryptocurrencies. In today’s video, you will know about XRP Ledger and why Ripple is piloting a private ledger to provide a platform for the issuance of central bank digital currencies. You will know about a very recent proposal by David Schwartz that is going to change the whole game of central bank digital currencies. So, let’s start our video. The XRP Ledger is the underlying blockchain technology of XRP and XRP is the native cryptocurrency of the XRP Ledger (XRPL) — an open-source, permissionless, and decentralized blockchain technology. Ripple might be an important party in the XRP ecosystem, as everything began from them, but they are not alone. Right now, XRP and its technology are being leveraged by an increasing number of other companies and developers. There are already tens of companies and developers that have built and are building projects on top of XRP's blockchain technology and are using XRP for many different use cases. The XRP Ledger settles XRP transactions instantly without the energy costs associated with proof of work (or mining). Previously, Ripple told that is piloting a private version of the public, open-source XRP Ledger that provides Central Banks a secure, controlled, and flexible solution for the issuance and management of digital currencies. With over 80% of Central Banks actively exploring some form of sovereign-backed cryptocurrency, new Central Bank Digital Currencies (CBDC) are bound to emerge. Each new CBDC will have unique goals driven by the specific market challenges and opportunities of its country, unavoidably leading to different technologies and implementations — leaving the world with an array of CBDC solutions. Hope you guys enjoy this! 👉 If you enjoy this video, please like it and share it. 👉 Don't forget to subscribe to this channel for more updates. 👉 Subscribe now: https://bit.ly/3qvTaUp... Related Videos: 👉 https://www.youtube.com/watch?v=FAoYh... 👉 https://www.youtube.com/watch?v=2nZ0f... 👉 https://www.youtube.com/watch?v=mWmK1... Contact: [email protected] Tags: all you need to know about XRP, why xrp, cbdc, XRP As Crypto Asset Most Relevant in Central Bank Digital Currency, xrp delisted, xrp to hit $100, xrp to reach the moon, xrp worldwide payment currency, xrp is going to explode, xrp,xrp ripple,xrp price prediction,xrp price prediction 2025,xrp news today,xrp pump,xrp lawsuit,xrp price analysis,ripple,ripple prediction 2021,xrp prediction 2021,xrp prediction 2030,crypto,ripple prediction after sec lawsuit,investing in xrp for beginners,investing in xrp,investing in ripple,buy ripple,buy xrp,where to buy xrp,how to buy xrp,how to buy ripple xrp,xrp price speculation,xrp news latest
