Ripple Looks To Define New Strategy On Central Bank Digital Currencies

Ripple looks to define a new strategy on central bank digital currencies and wants to find an expert that specializes in central bank digital currencies or CBDCs so let’s read more about it in our latest Ripple XRP news.

According to a recent job posting by the company, Ripple looks to define a new strategy with a help of a senior director of a central bank that will engage in supporting CBDCs initiatives with Ripple’s real-time gross settlement system which is the XRP ledger. With the new position, Ripple looks to define its CBDC strategy with central banks but to also build relationships and projects as well as further education on global central bankers according to the job posting. The position requires more than 10 years of experience in technology sales or account management that involves selling to larger companies or central banks.

The latest job posting reaffirms Ripple’s intentions to implement the technology for developing central bank digital currencies. Back in September, Ripple published a new CBDC-related post and explained how a RIppleNet payment network is a necessary tool for enabling interoperability between global CBDC initiatives. Emi Yoshikawa who is a senior director of operations at Ripple, says that XRP will not compete with CBDCs but will only complement them.

It’s still unclear whether Ripple got involved in any of the ongoing CBDC pilots in the world but the company was in communication with some of the global banks. Ripple had a closed-door meeting as well with the central bank of Brazil in order to discuss the “institutional matters” and future plans.

In our recent XRP news, XRP’s price hit $0.49 at around midnight UTC and since the last weekend, XRP’s price increased by about 66.40% making it the best-performing major crypto asset of the week. The price of the third biggest cryptocurrency by the market then fell to $0.42. XRP’s price peaked at $0.49 which is the highest price recorded since July 2019 and since then the cryptocurrency fell to $0.044 which is still a major increase from the recent $0.33. XRP’s price hit $0.49 around midnight but then fell short of beating the July 2019 price level according to CoinMarketCap. Today, Ripple’s XRP price hit $0.4919 while in July back hit $0.4939.