Ripple Powering the Next Evolution of Central Bank Digital Currencies

Digital transformation and disruption, particularly in the financial sector, has accelerated at a rapid pace over the last decade. We’ve witnessed new entrants that have disrupted the market like PayPal and Zelle. We’ve also seen new technologies such as blockchain and distributed ledger technologies create new processes in the fintech space.

One area that has seen the biggest change in the last few years has been the tokenization of everything. We now have digital forms of currency whose value is represented by a token. As this area continues to evolve, more financial institutions are exploring the use of Central Bank Digital Currency (CBDC).

In our latest research brief, Ripple Powering the Next Evolution of Central Bank Digital Currencies, done in partnership with Ripple, explores the benefits and challenges around CBDCs and why this new technology could transform the world.

In this research brief, you’ll learn:

  • Key benefits of using CBDCs
  • Challenges faced by central banks looking to deploy a CBDC
  • An overview of Ripple’s CBDC Solution
  • A look into Ripple’s CBDC Innovate Challenge/Hackathon

CBDCs stand to transform our world. They will ultimately make money movement instant, make the pain of cross-border payments and transfers a thing of the past. The potential is there to lift millions of people out of poverty through inclusive access to basic financial services. Such a vision — such a promise — needs a technology underpinning it that can be trusted and that can deliver. If you are interested in learning more about CBDCs download your copy of Ripple Powering the Next Evolution of Central Bank Digital Currencies, today

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Author Information

Regarded as a luminary at the intersection of technology and business transformation, Steven Dickens is the Vice President and Practice Leader for Hybrid Cloud, Infrastructure, and Operations at The Futurum Group. With a distinguished track record as a Forbes contributor and a ranking among the Top 10 Analysts by ARInsights, Steven's unique vantage point enables him to chart the nexus between emergent technologies and disruptive innovation, offering unparalleled insights for global enterprises.

Steven's expertise spans a broad spectrum of technologies that drive modern enterprises. Notable among these are open source, hybrid cloud, mission-critical infrastructure, cryptocurrencies, blockchain, and FinTech innovation. His work is foundational in aligning the strategic imperatives of C-suite executives with the practical needs of end users and technology practitioners, serving as a catalyst for optimizing the return on technology investments.

Over the years, Steven has been an integral part of industry behemoths including Broadcom, Hewlett Packard Enterprise (HPE), and IBM. His exceptional ability to pioneer multi-hundred-million-dollar products and to lead global sales teams with revenues in the same echelon has consistently demonstrated his capability for high-impact leadership.

Steven serves as a thought leader in various technology consortiums. He was a founding board member and former Chairperson of the Open Mainframe Project, under the aegis of the Linux Foundation. His role as a Board Advisor continues to shape the advocacy for open source implementations of mainframe technologies.