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XRP is a neutral bridge currency for CBDCs, according to the latest whitepaper released by Ripple. The San Francisco-based company has outlined the potential benefits of central bank digital currencies in its latest report.
Dubbed ‘The Future of CBDCs‘, the report highlighted the growing need for an effective way for governments around the world to pay benefits or stimulus money directly to citizens, especially the unbanked. Ripple also mentioned the importance of neutral bridge currencies like XRP for CBDCs.
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