Monday, May 10, 2021

Ripple Moves to Bring XRP Ledger to the World of Central Bank Digital Currencies (CBDCs)

Considering the latest job listing, Ripple, the San Francisco based cross-border payment firm, is moving to bring XRP Ledger to the world of Central Bank Digital Currencies (CBDCs).

Ripple’s job listings have in the past served as a means to know the next line of action towards the growth and expansion of its business across the world.

Ripple’s Quest to Bring XRP Ledger to the World of CBDCs

Going by a new job listing published on Greenhouse.io, Ripple, the blockchain payment behemoth, is looking to hire a senior director of central bank engagements.

Read Also: Brad Garlinghouse Explains Why PayPal Did Not Include XRP in Its New Crypto Business

The job listing states as follows:

“Ripple is looking for a proven leader to lead our strategy, partnerships and project work with central banks around the world with an initial focus on supporting their central bank digital currency (CBDC) initiatives on XRP Ledger.

In this role, you will define and lead Ripple’s strategy with central banks, build relationships with and educate central bankers around the world, and secure and manage partnerships with central banks to build and deploy projects.”

Brad Garlinghouse Says Central Banks Can Use XRP Ledger to Issue Stablecoins

The chief executive officer of Ripple, Brad Garlinghouse, had earlier stated that XRP Ledger is suitable for central banks across the world to issue stablecoins.

In the interview on The Scoop podcast, Garlinghouse also pointed out that the digital token XRP is capable of serving as a bridge asset to exchange digital forms of fiat.

Read Also: David Schwartz: XRP Should Serve As a Universal Settlement Asset for CBDCs

The job listing highlights that the senior director of central bank engagements to be hired will focus on developing strategies to integrate the payment firm’s products with the upcoming CBDC market and look for ways to convince banks to leverage the XRP Ledger in their operations.

Ripple also revealed its intention to seal partnerships with CBDC projects and manage “a target list and pipeline of banks and projects and driving the deal process from start to finish.”

Meanwhile, the President of the People’s Republic of China, Xi Jinping, has urged G20 nations to throw their weights behind the emergence of CBDCs.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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