Ripple Powering the Next Evolution of Central Bank Digital Currencies

Digital transformation and disruption, particularly in the financial sector, has accelerated at a rapid pace over the last decade. We’ve witnessed new entrants that have disrupted the market like PayPal and Zelle. We’ve also seen new technologies such as blockchain and distributed ledger technologies create new processes in the fintech space.

One area that has seen the biggest change in the last few years has been the tokenization of everything. We now have digital forms of currency whose value is represented by a token. As this area continues to evolve, more financial institutions are exploring the use of Central Bank Digital Currency (CBDC).

In our latest research brief, Ripple Powering the Next Evolution of Central Bank Digital Currencies, done in partnership with Ripple, explores the benefits and challenges around CBDCs and why this new technology could transform the world.

In this research brief, you’ll learn:

  • Key benefits of using CBDCs
  • Challenges faced by central banks looking to deploy a CBDC
  • An overview of Ripple’s CBDC Solution
  • A look into Ripple’s CBDC Innovate Challenge/Hackathon

CBDCs stand to transform our world. They will ultimately make money movement instant, make the pain of cross-border payments and transfers a thing of the past. The potential is there to lift millions of people out of poverty through inclusive access to basic financial services. Such a vision — such a promise — needs a technology underpinning it that can be trusted and that can deliver. If you are interested in learning more about CBDCs download your copy of Ripple Powering the Next Evolution of Central Bank Digital Currencies, today

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At Futurum Research our three key focus areas are research, analysis, and insights. We also provide a full offering of advisory services geared towards helping organizations adapt to new technologies and operationalize digital transformation, along with other services through our sister companies Broadsuite Media Group and V3 Broadsuite.

About the Authors

Steven Dickens is Vice President of Sales and Business Development and Senior Analyst at Futurum Research. Operating at the crossroads of technology and disruption, Steven engages with the world’s largest technology brands exploring new operating models and how they drive innovation and competitive edge for the enterprise.  Read Full Bio.

Jared is an Analyst in Residence at Futurum Research, where he helps guide our practice in all things Web3, the Metaverse, and cryptocurrencies so as to help business leaders understand how they work, why they matter, and how they can not only get involved, but become market leaders along the way.

Jared previously co-founded and served as President and Board Member of Triple Point Liquidity, a blockchain-based fintech startup serving alternative asset managers, their investors, and fund administrators. Prior to Triple Point, he held multiple roles at IBM including leading Digital Assets at IBM Blockchain, leading corporate development for Industry Platforms, and founding Watson Risk & Compliance.

Jared is author and podcast co-host at Fat Tailed Thoughts and serves as a trustee for The Williams School.

Jared holds an AB from Dartmouth College.