US #President #DonaldTrump has signed an #executive order #banning the #creation and #issuance of Central Bank Digital Currency (CBDC) in the United States.
How does this affect Ripple?
Ripple does not require a central bank digital currency (CBDC) to operate. Ripple, however, has the ideal #technology and #infrastructure to support the development of CBDCs. The #blockchain technology, or #ledger of Ripple, offers a #trusted platform to issue and manage #CBDCs with the assurance of faster #transactions and low costs. Ripple blockchain provide the ideal #foundation to host #CBDC #projects.
 According to the Bank for International Settlements, 93% of central banks are working on CBDCs.
#President #DonaldTrump #executive #banning #creation #issuance