Ripple’s New Partnership with Colombia’s Central Bank Signals Growth

Ripple, one of the first cryptocurrency companies to be sued by the U.S. Securities and Exchange Commission (SEC), continues to make strides despite the ongoing lawsuit. Recently, Ripple announced a new partnership aimed at securing sustainable momentum for XRP investors in the coming years. Ripple is ramping up its operations in Latin America by forming a partnership with the Central Bank of Colombia. New Partnership from Ripple Ripple‘s new partnership with Colombia’s Central Bank will concentrate on the application of blockchain technology in this South American nation. Banco de la Republica, in collaboration with the Ministry of Information and Communication, will test the pilot use of blockchain technology in domestic payment systems. Ripple’s Central Bank Digital Currency (CBDC) platform, a high-value transfer system, has indeed caught the attention of several central banks in recent years, and continues to do so. Joe Vollono, Director of CBDC business development unit at Ripple, […] The post Ripple’s New Partnership with Colombia’s Central Bank Signals Growth appeared first on COINTURK NEWS.