The post XRP News Today : Bank of France Officially Testing Ripple’s Ledger for Digital Euro appeared first on Coinpedia Fintech News
A recent academic study from Ulster University has revealed that the Bank of France is officially testing Ripple’s private ledger as a foundation for a Euro-based Central Bank Digital Currency (CBDC).
The update was shared on X by crypto analyst WrathofKahneman, marking what appears to be the first confirmed trial of Ripple’s blockchain for a national CBDC in France.
Ripple Ledger Chosen for Euro-Based Digital Currency?
According to Kahneman, the findings confirm that Ripple’s private ledger is under active testing by the Bank of France, positioning Ripple as a serious contender in the race for CBDC infrastructure.
This comes amid increasing interest from governments and central banks in blockchain-based solutions for sovereign digital currencies. France’s involvement is particularly significant given its status as a core European Union member.
Why This Ripple-Powered CBDC Trial Is So Important
- Institutional Validation: The Bank of France testing Ripple’s ledger signals strong institutional trust in Ripple’s blockchain, despite past regulatory battles in the U.S.
- EU-Wide Implications: If the trial proves successful, Ripple’s infrastructure could be considered for broader digital euro discussions across the European Union.
- Tech Over Token: This development underscores Ripple’s value not just as a cryptocurrency but as a blockchain infrastructure provider for real-world finance.
- First-Mover Advantage: While other players are still developing platforms, Ripple’s ready-to-deploy ledger could give it a major edge in global CBDC rollouts.
What’s Next for Ripple and CBDCs?
With countries like China already launching advanced CBDC programs, Ripple’s involvement in Europe could accelerate the continent’s digital currency efforts. If France leads the way with successful Ripple-based testing, others may quickly follow.This trial may also help reshape Ripple’s public perception, transforming it from a fintech disruptor into a core layer of next-gen central banking.
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FAQs
If successful, France’s Ripple-based trial may influence broader EU discussions on using Ripple tech for a digital euro rollout.
Ripple is proving itself as a blockchain infrastructure provider for central banks, not just a crypto token issuer.
Yes, post-SEC victory, Ripple and XRP are seeing increased global adoption and institutional recognition for cross-border solutions.
