IMF Explores Ripple Link to CBDC Platform for Global Digital Currencies

1 min read
Source: Bitcoinist
IMF Explores Ripple Link to CBDC Platform for Global Digital Currencies
Photo: Bitcoinist
TL;DR Summary

The International Monetary Fund (IMF) is developing a platform for digital central bank currencies (CBDCs) to enable transactions between countries. Meanwhile, the XRP army has discovered an IMF report from March 2023 in which Ripple is considered a potential problem solver. The report presents a model for a global marketplace for more efficient cross-border exchange of tokenized money, with Ripple's XRP being one of the three conceivable models for a marketplace. Ripple Labs' collaboration with the IMF goes back a few years, and the XRP army has dug up several videos in which Ripple was allowed to speak at IMF conferences in the past years.

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