The Central Bank of France prefers Ripple to Bitcoin and Ethereum! The reports obtained show that the Central Bank of France has talked about Ripple and the launch of the central bank’s digital currency. The central bank intends to prefer Ripple XRP to Bitcoin and Ethereum. In other reports, XRP was noticed in the central banks of the world due to its efficient network. Federal Reserve at PBOC, EOB to issue Australian cryptocurrency. Ripple recently announced that the company is testing a private version of the XRP Ledger to facilitate global central banks in issuing and managing CBDC. Furthermore, the company mentioned that the arrival of the world’s first CBDC is inevitable.
Ripple and XRP are trusted by many banks as models for CBDCs. Ripple also allows the creation of new currencies, and Ripple developers can decide when and how much to supply in a manner similar to the current operation of a central bank.” CPA Australia reports.
After the SEC filed a complaint against Ripple in December 2020, this cryptocurrency reported significant growth in the last few weeks. In a report to Reuters, the CEO of Ripple said: “The activity of the United States of America has grown significantly. He added that after this, Ripple is growing in Asia. The price of this currency was hit hard after the SEC complaint against Ripple, but the price of Ripple has been increasing since the beginning of the year. 2021 has grown more than 100% so far. And now the market value of the seventh cryptocurrency has reached 21 billion dollars. Follow the short news of digital currencies here.