24/7 Cryptocurrency News

Big Boost For Ripple (XRP) As New Study Shows Great Outlook On CBDC Tech

In the long run, the adoption of CBDCs could potentially be beneficial for Ripple (XRP), which currently stands at seventh rank among cryptocurrencies.
Published by
Big Boost For Ripple (XRP) As New Study Shows Great Outlook On CBDC Tech

After introducing the XRP Ledger which gives central banks secure solution to manage crypto, Ripple came up with new findings. The company has long maintained that distributed ledger technology would be the foundation for the Central Bank Digital Currency (CBDC). The new study found that the potential for CBDCs has generated an overwhelming consensus among financial institutions.

Advertisement

More Support To CBDCs From Asia Pacific

In the long run, the adoption of CBDCs could potentially be beneficial for Ripple (XRP), which currently stands at seventh rank among cryptocurrencies. The company’s technology could help central banks handle transactions in large volumes. Ripple products use XRP to facilitate payments between intermediaries for settling two different currencies. Ripple’s latest survey found that the Asia Pacific region is the most optimistic about the future of CBDCs.

“Over 70% of respondents surveyed across five global regions believe CBDCs stand to deliver major social change within the next five years. In addition to faster and more affordable payments, the digital nature of CBDCs can make loans and other financial services more accessible to historically underserved communities.”

Also, in line with Ripple’s technology benefits, the CBDCs could also facilitate easier distribution of funds for social welfare programs. However, Ripple acknowledged difficulties like consumer education, identity verification, offline access, and privacy and security protections.

Advertisement

CBDC Projects Pick Up Pace Across The World

Meanwhile, it also remains important for Ripple to deliver on the promise of all the benefits the technology offers. Nine out of 10 central banks are now exploring CBDCs, according to a survey by the Bank for International Settlements. The CBDC projects of various central banks are underway in various stages in China, Bhutan and Norway among others.

Also, 85% of leaders at financial institutions think their respective countries will launch a digital currency within the next four years. Ripple also said they feel the CBDC technology would deliver competitiveness, greater efficiencies and advance innovation.

On the other side, Ripple is still fighting the long running lawsuit filed by the U.S securities and exchange commission (SEC).

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub

Michael Saylor highlighted Strategy’s outperformance after the company was excluded from the S&P 500. The…

September 6, 2025
  • 24/7 Cryptocurrency News

Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair

U.S. President Donald Trump has revealed his shortlist of candidates who could potentially replace Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025