UltraQuamfy   •   over 3 years ago

Cbdc

Does the cbdc private ledger need xrp or is it just complementary

• 1 comment
• 

  Private user   •   over 3 years ago

  @UltraQuamfy - CBDC Private Ledgers will most likely to be operated by Private Banking Institutions and Central Banks, for the purposes of KYC/AML (regulatory requirements). David Schwaltz (Ripple, CTO) has mentioned previously, these "walled gardens" a necessity (but only for the purposes of security within an internal business environment). So when utilizing XRP, the transfer of value must still operate via the Interledger Protocol, in which XRP (native token) acts as the 'bridge' to allow the transfer of value. Thus the *value of XRP* lies in its interoperability 'ability/capability': to carry the value and transfer the value from one blockchain to the next blockchain chain - it can be as simple as batch settlements in SME banking or ACH/RTGS settlements at Central Bank level. Hope this sets in motion some thought leadership on the topic that you have written..........

Comments are closed.