Ripple has made great strides in the Central Bank Digital Currency (CBDC) space over the years. This was further reinforced yesterday when Silicon Valley-based tech company was ranked as a top and established leader for CBDC. This milestone was first share in a report by Juniper Research, highlighting significant transaction growth to a forecasted $213 billion by 2030 globally. The report also stated that the value of CBDC payments is currently limited to pilot project programs, but government across the world will drive widespread CBDC adoption, utilizing CBDC to increase financial inclusion and to enhance their control over digital payments.

Ripple has been actively involved with numerous countries in developing their CBDCs, the Central Bank of Montenegro is one of many who have partnered with the company for their pilot program. Over the past year, Ripple has collaborated with over twenty countries in terms of CBDC development. Ripple is ranked number one for CBDC for multiple reasons, with existing efforts such as RippleNet and its technological capabilities within the CBDC space, adding to its advantages. Other top fintech companies such as Stellar and Mastercard are also listed as established leaders for CBDC.

The potential of CBDC brings endless opportunities to businesses and governments across the world. Governments can benefit from additional financial inclusion while businesses can capitalize on modern payment solutions, faster and more secure transactions. With Ripple leading the way in terms of CBDC development, and the sector expected to hit $213 billion by 2030, the future of digital currency within the mainstream is closer than ever before.



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