September 22, 2021

Ripple announced today that the Bhutan central bank, the Royal Monetary Authority (RMA), will use Ripple’s central bank digital currency solution to “pilot” a central bank digital currency (CBDC). Ripple’s CBDC solution uses a private version of the public, open-source XRP Ledger.

Ripple’s announcement can be found here.

See also:

• Bhutan Central Bank: Bhutan Royal Monetary Authority
• Ripple Pilots a Private Ledger for Central Banks Launching CBDC’s

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For additional information on CBDC’s see below.

BIS Annual Economic Report | 23 June 2021
III. CBDCs: an opportunity for the monetary system

Ready, steady, go? – Results of the third BIS survey on central bank digital currency
BIS Papers | No 114 | 27 January 2021

Central bank digital currencies: foundational principles and core features
BIS, Innovation Hub | 09 October 2020

Impending arrival – a sequel to the survey on central bank digital currency
BIS Papers | No 107 | 23 January 2020

Proceeding with caution – a survey on central bank digital currency
BIS Papers | No 101 | 08 January 2019

Central bank digital currencies
BIS CPMI, Markets Committee Papers | No 174 | 12 March 2018