Ripple Partners With Digital Euro Association to Provide Inputs on CBDCs
Jonas Gross, Chairman of the Digital Euro Association, stated that the cooperation will primarily focus on knowledge exchange and joint educational initiatives related to digital currency.
Gross claimed that Ripple will assist in expanding the technological competence of the DEA community, stressing that when CBDC or government Stablecoin programs progress beyond the initial research stage, they will need advice on technology design.
James Wallis, Ripple's VP of Central Bank Engagements, stated that Ripple has ‘invested considerably in the CBDC world’. The company has 40 members working on CBDCs all over the world.
He said: “The collaboration will further develop Ripple's efforts in the CBDC sector."
The statement from today appears to have nothing to do with claims from Thursday that the European Commission could create a framework for a digital Euro by late 2023. The DEA is a think tank, whereas the European Commission is the EU's executive department.
As a result, unlike the Commission's initiatives, Ripple and the DEA's activities are unlikely to result in the development of a digital Euro. If the DEA think tank engages with officials, the cooperation could have an impact on the design of a future CBDC.