Royal Monetary Authority of Bhutan, Ripple Partner to Pilot CBDC Using Private Blockchain
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Wednesday, September 22, 2021
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Ripple, the leading provider of enterprise blockchain and crypto solutions for cross-border payments, today announced a collaboration with Bhutans central bank, the Royal Monetary Authority (RMA) , to pilot a central bank digital currency (CBDC) using Ripples CBDC Private Ledger.
Key Points:
- Ripple, the leading provider of enterprise blockchain and crypto solutions for cross-border payments, today announced a collaboration with Bhutans central bank, the Royal Monetary Authority (RMA) , to pilot a central bank digital currency (CBDC) using Ripples CBDC Private Ledger.
- Our collaboration with Ripple is testament to the potential of CBDCs to provide an alternative and sustainable digital payment instrument in Bhutan, said Yangchen Tshogyel, deputy governor of the Royal Monetary Authority of Bhutan.
- With Ripples CBDC Private Ledger, central banks will be able to access a network of CBDC Ledgers that enables full settlement interoperability, while ensuring monetary and technological independence.
- Using blockchain and cryptocurrency technology, Ripple is dedicated to creating powerful gains in financial efficiency, equity and inclusion.