Ripple Forms Partnership To Explore New Digital Currency and Additional Use Cases for XRP Ledger

Ripple Forms Partnership To Explore New Digital Currency and Additional Use Cases for XRP Ledger


San Francisco-based software company Ripple is partnering with the Republic of Palau to develop a government-backed stablecoin and ease cross-border money transfers.

Ripple says that the partnership with the western Pacific country will focus on “developing strategies for cross-border payments and a USD-backed digital currency for Palau” on the XRP Ledger (XRPL).

Republic of Palau’s President Surangel Whipps Jr. says that the western Pacific country’s partnership with Ripple will enhance financial access for citizens.

Trending: Looney Bette Midler Wants Trump Arrested for ‘Trying to Kill’ Biden

“As part of our commitment to lead in financial innovation and technologies, we are delighted to partner with Ripple. The first phase of the partnership will focus on a cross-border payments strategy and exploring options to create a national digital currency, providing the citizens of Palau with greater financial access.”

The

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend