Pro-$XRP attorney attorneyjeremy1 describes how XRPL could help build CBDCs
makers could benefit from utilizing the XRP Ledger. He has shared several possible ways that that may happen.The first option suggested by Hogan was minting CBDCs via XRPL. Central banks could issue their digital currencies on top of the XRP Ledger in the form of an IOU, which would be represented by a particular token.
This method would enable CBDC users to take advantage of quick and efficient settlements provided by the ledger. The second opportunity for bringing together CBDCs and the XRP Ledger shared by Hogan is a central bank could set up a gateway for its digital currency. This would allow users to withdraw and deposit that CBDC. Besides, the central bank digital currency could be utilized in conjunction with XRP tokens, along with other crypto assets issued on the XRPL.One possibility is that a CBDC could be issued on top of the XRPL as an IOU represented by a specific token.
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