Ripple has doubled down on its public support for central bank digital currencies by issuing a white paper on CBDCs. The 23-page document was released by the blockchain company on Dec. 14.
In the document, Ripple explains the basics of CBDCs, their attractiveness and risks, and barriers to widespread adoption. The white paper states that CBDCs help expand financial inclusion, streamlining cross-border payments and reinforcing monetary policy control. As the text goes:
“CBDCs are needed to support the most significant positive impacts of asset tokenization, an increasingly targeted mechanism for transforming tangible assets into digital tokens stored on the blockchain.”
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