In order to increase the utility of cryptocurrency, it has worked hard. The cryptocurrency industry has been working with governments to digitize finances. Ripple is a leading blockchain company that has reportedly been working with more than 10 governments on central bank digital currencies. [CBDC]. Brad Garlinghouse revealed Ripple’s partnership directly with the governments. Garlinghouse said,
“A central bank digital currency is a stablecoin. It’s just issued by the government. But I also think there’ll be stablecoins outside of that. But as we’ve already talked about, it’s important, I think, to have clear regulatory guidelines as to how those will work and to make sure they are safe for consumers, make sure they are safe for counterparties, et cetera,”
Also Read: Ripple: Can XRP Surge to $1 Following SEC Lawsuit Resolution?
Ripple’s move was a surprise to most. Many were pleased that Ripple had moved beyond the crypto industry. Garlinghouse said these things at a 2023 event. It has emerged that the clip of this event sheds some light on Ripple. Ripple will provide solutions that governments can use. Cost-effective ways to implement cross-border payments with Ripple financial The use of transparency is a must.
Will XRP Experience a Surge in Value?
You can also find out more about the following: work Ripple’s support of other industries can contribute to XRP’s price. At the time of publication, the price was $0.4949 after a daily gain of 0.49%. XRP also saw a big drop throughout the entire week, just like the other assets. This altcoin could benefit from a number of factors. It is possible that the altcoin will benefit from a number of factors. [SEC]Ripple is a new cryptocurrency.
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/Can-Ripples-Partnership-With-10-Governments-Aid-XRPs-Growth.jpeg)
Also Read: Ripple: Will XRP Break The $0.50 Price Mark This Weekend?
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Source: watcher.guru