Colombia Centre base, blockchainIn order to investigate use cases, Ripple ( XRP) partnered with
In these turbulent days of the crypto money market, the orientation of countries and institutions draws attention. While interest in the crypto side is waning, countries are increasing interest in the blockchain use case. Blockchain to technologyAnother country that took a step forward was Colombia. Colombia Centre baseto explore the functionality, possible potential and use cases of blockchain It will act in partnership with Ripple.
Colombian Central Bank Enters Blockchain with Ripple
Central Bank of Colombiato explore blockchain technology, Ripple ( XRP) partnered with
Colombiacentral bank of Banco de la Republica, Ministry of Information and Communication Technologies ( MinTIC) with, Ripple’s CBDC will use the platform. Although this use is in the pilot phase, it has great potential for the future. This initiative of the Central Bank of Colombia will be carried out as part of the blockchain experiment phase run by MinTIC.
Moreover Ripple, CBDC announced that the platform will be tested in an appropriate environment without jeopardizing public resources. As a result of the partnership, Colombia’sthe central bank CBDC over will concentrate.
ColombiaMinister of Information Technologies and Communications Mauricio Lizcanosaid the following on the subject;
Potential efficiencies can be evaluated through the results achieved in the development of a solution with blockchain technology that manages to improve and complete processes in organizations safely and efficiently.
Another explanation is Ripple Centre base their engagementand Vice President of CBDCs James Wallisexecuted with XRPL CBDC He claimed that the platform would strengthen the central banks. Saying that they will help progress, Wallis drew attention to the spread of blockchain in the public sector.
