Ripple Leads the Way in the Development of UK’s Digital Pound

• Ripple is actively working with public and private sectors to drive the agenda of Central Bank Digital Currencies (CBDCs).
• James Wallis, Vice President of Central Bank Engagements and CBDCs at Ripple, will deliver the keynote at a webinar discussing the potential benefits and use cases of a digital pound in the United Kingdom.
• Ripple joined the Digital Pound Foundation to help facilitate the development and launch of a digital pound in the United Kingdom.

Ripple, a leading fintech company, is actively working to drive the agenda of Central Bank Digital Currencies (CBDCs) through collaborations with both public and private sectors. To further this cause, it has been announced that James Wallis, Vice President of Central Bank Engagements and CBDCs at Ripple, will be delivering the keynote at a webinar on Thursday, January 26th, addressing the potential benefits and use cases of a digital pound in the United Kingdom.

The webinar, hosted by the Digital Pound Foundation, will involve a discussion between William Lorenz (co-leader of the Digital Pound Foundation’s use case working group), Chris Ostrowski (CEO and co-founder, SODA), Jakub Zmuda (strategy officer, Modulr), Andrew Dare (CTO banking and financial markets director advisory expert, CGI), Claire Conby (managing director at Billon), and David Karney (head of digital assets, Worldline). Ripple joined the Digital Pound Foundation in October 2021, with Susan Friedman, Head of Policy, representing the company as a board member in order to strengthen its initiative to engage with central banks worldwide on technical and policy issues related to CBDCs.

The discussion during the webinar will focus on the potential benefits of CBDCs and their potential use cases, as well as the potential implications for the UK economy and the financial sector. It is expected that the panel will discuss the potential for CBDCs to provide greater convenience and security to consumers, as well as the potential implications for the UK’s financial stability.

The launch of a digital pound in the UK is seen as a key step in the development of a fully digital economy, and as such, Ripple’s involvement in the Digital Pound Foundation is seen as an important step in the development of CBDCs. Ripple’s expertise and experience in developing digital currencies and blockchain-based payment solutions is expected to be of great value in the development of a digital pound.

As Ripple continues to drive the agenda of CBDCs, the webinar on Thursday is expected to provide valuable insight into the potential benefits and implications of a digital pound in the UK. With Ripple’s involvement in the Digital Pound Foundation, it is clear that the company is committed to helping facilitate the development and launch of a digital pound in the UK.

Ripple Leads the Way in the Development of UK’s Digital Pound
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