The Digital Euro Association (DEA), a Frankfurt-headquartered think tank that focuses on digital currencies such as private cryptocurrencies, CBDCs and stablecoins, has added Ripple (XRP) to its list of “supporting partners”. Ripple is expected to assist the DEA in piloting a CBDC.
According to the official announcement by DEA, the organization has formed a partnership with Ripple. Ripple’s expertise in digital money is the most important reason for this partnership.
Ripple has previously partnered with the South Asian country of Bhutan to develop a CBDC.
Jonas Gross, president of the Digital Euro Association, believes the collaboration will be instrumental in CBDC adoption.
“We are very excited to be able to expand the technological expertise of the DEA community through the partnership with Ripple”
Ripple Vice President of Federal Reserve Interactions James Wallis, on the 2022 of their work towards CBDCs stated that it is among the main priorities of the company as of
“We are excited to join the Digital Euro Association as a supporting partner to further develop our work in the CBDC space.
We look forward to working with the DEA to advance our work on CBDCs over the next few months”
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