Ripple Teams Up With Central Bank Digital Currency Think Tank

There are all kinds of bullish moves taking place in the crypto space these days. Check out the latest one which involves a new important partnership that includes Ripple.

It’s been just revealed that Ripple teamed up with the Digital Euro Association (DEA) to jointly work on central bank digital currencies (CBDCs).

The DEA, based in Frankfurt, Germany, is a think tank focused on CBDCs, stablecoins, crypto assets, and other forms of digital money, according to official data.

The organization’s main target is to influence CBDC and crypto-related policy through research and giving a platform to policymakers, technologists, and economists to discuss digital assets.

As the online publication the Daily Hodl notes, in a new announcement, it describes Ripple as a leader in its field.

It’s also worth noting the fact that it doesn’t give exact details as to what the partnership will entail.

“Ripple, one of the leading providers of enterprise blockchain and crypto solutions for cross-border payments, has recently developed a blockchain-based infrastructure to support CBDCs and is engaged with Bhutan’s central bank, amongst others, to help execute their CBDC pilot.”

It’s also worth noting the fact that Ripple is a member of the Digital Pound Foundation and continues to extend its efforts around CBDCs worldwide.

“The DEA partnership with Ripple includes, amongst others, joint educational efforts around digital currencies and knowledge exchange.”

Jonas Gross, Chairman of the DEA said the following:

“We are thrilled that, due to the partnership with Ripple, we can extend the technological expertise of the DEA community. As more and more CBDC projects worldwide reach advanced stages, technological design of a CBDC will play a key role for policy-makers in the near future, while previous years focused primarily on research.”

Stay tuned for more news and also make sure to keep your eyes peeled on the crypto market.