The vice president of RippleX James Wallis says Ripple is currently working with central banks on developing digital currencies.
In a new interview on the Voice of FinTech podcast, Wallis outlines Ripple’s role in the minting of central bank digital currencies (CBDCs), emphasizing that the company is not trying to uproot existing financial structures, but is rather trying to improve upon systems that are already in place.
“We are building and implementing technology, we’re not trying to disintermediate the existing financial system. We’re trying to make it better. What we’re really trying to do is bring our technology and our expertise to the enterprise world.”
The RippleX VP notes that there are three ways in which the digital payments company will help central banks develop these currencies, the first of which is leveraging its core ledger technology.
“Specifically around CBDCs there are really three things that we’re trying to do. One is the core ledger… the technology that