Montenegro Joins Hands With Ripple To Pilot First National Digital Currency — Huge Boost to XRP?

Por ZyCrypto - hai 1 ano - Tempo de lectura: 3 minutos

Montenegro Joins Hands With Ripple To Pilot First National Digital Currency — Huge Boost to XRP?

Ripple, the digital payment network, has partnered with Montenegro to help the small Southeast European nation develop its digital currency. The country’s prime minister, Dr Dritan Abazović, tweeted about the pilot project with Ripple on January 18, 2023, which did not go unnoticed by XRP enthusiasts.

Ripple To Develop National Stablecoin For Montenegro

Montenegro has commenced the creation of a digital currency following a collaboration with the global payments company Ripple. The nation’s Prime Minister, Dr. Dritan Abazović, announced his meeting with Ripple O CEO Brad Garlinghouse e Ripple Vice President for Central Bank Engagement James Wallis via a tweet written in Bosnia.

Unha tradución solta do seu fío de Twitter en dúas partes di: "A productive meeting with Ripple CEO Garlinghouse and Ripple Vice President of Central Bank Engagement James Wallis. We talked about developing a payment infrastructure that would enable greater financial accessibility and inclusion. Montenegro is open to new value and investment.”

The Montenegrin Prime Minister added that the nation is teaming up with Ripple on a pilot project for a national digital currency: “In collaboration with Ripple and the Central Bank, we have launched a pilot project to build the first digital currency or stablecoin for Montenegro,” he said.

Montenegro converteuse en candidato á adhesión á Unión Europea (UE) en decembro de 2010 e as súas negociacións con Bruxelas abríronse en 2012. Tal e como está hoxe, a súa solicitude aínda está por aprobar. Non obstante, o euro utilízase en Montenegro, aínda que non é de curso legal.

O proxecto implica XRP?

Ripple has become increasingly active in the development of central bank digital currencies (CBDCs) since pilotaxe unha versión privada do XRP Ledger en marzo de 2021, que ofrece unha plataforma para que os bancos centrais de todo o mundo emitan as súas moedas dixitais de forma segura. Asociacións coa Real Autoridade Monetaria de Bután e a República de Palau foron anunciados meses despois.

A empresa de cadeas de bloques está a empurrar máis no espazo CBDC, pero XRP formará parte dos proxectos CBDC? Esta é unha cuestión existencial importante. Aínda descoñécese ata que punto o libro XRP ou mesmo a criptomoeda XRP desempeñarán un papel nunha moeda dixital potencial de Montenegro.

The SVP and MD at Ripple, Brooks Entwistle, memorably noted during a recent interview that “there are places where we can play, maybe with a sidechain to the XRP ledger. We may help with the interoperability across this, but it’s going to be different for every single central bank.”

Mentres tanto, Ripple has been busy putting to bed its long-standing legal dispute with the U.S. Securities and Exchange Commission over whether XRP tokens were sold via an unregistered securities offering. Ripple chief Brad Garlinghouse expects the case to be concluded in the first half of 2023.

XRP cotiza actualmente a uns 0.401 dólares, segundo os datos de CoinMarketCap. A sexta moeda criptográfica máis grande caeu un 3.05% hoxe, pero apreciouse un 16.6% nos últimos 30 días.

Looking ahead, we’re likely to hear more news of Ripple partnering with new countries to develop digital currency strategies. But will this unlock mainstream adoption of XRP as the majority of central banks integrate the token into their CBDCs? That much the future holds.

Orixe orixinal: ZyCrypto