Ripple, cooperation with 30 countries?...Schwartz "Technical completeness comes first"

▲ XRP, USD

Regarding rumors that Ripple is cooperating with 30 central banks worldwide, the Chief Technology Officer stepped forward to reveal the substantive truth.

According to the cryptocurrency specialized media The Crypto Basic on April 24 (local time), Ripple's Chief Technology Officer (CTO) David Schwartz spoke about the recently raised rumors of central bank cooperation. Currently, rumors are circulating in the market that Ripple is closely collaborating with 30 central banks to adopt XRP. CTO Schwartz drew the line, stating that these claims do not perfectly align with the truth. He explained that while Ripple is indeed working on projects with multiple countries, there are differences in the specific methods of cooperation.

Ripple is currently establishing relationships with several countries through its Central Bank Digital Currency (CBDC) solution. Schwartz emphasized that Ripple's technology is being utilized for the digital transformation of central banks in various countries. However, he added that not all projects directly utilize XRP. Ripple provides a CBDC platform and prioritizes customized technical support tailored to the specific circumstances of each country. Even if XRP Ledger technology is the basis, actual asset management may vary according to each country's policies, according to the analysis.

Schwartz advised focusing on technical completeness rather than the specific number of cooperating countries. He avoided a clear answer regarding where the number 30 originated. Nevertheless, he expressed pride that Ripple's global influence has already been proven. Ripple is expanding its network to increase the efficiency of cross-border payments. However, he cautioned against over-interpreting this as simply linking it to the mass adoption of XRP.

The Ripple ecosystem has recently been undergoing qualitative growth amidst the interest of institutional investors. Even amidst the volatility of major assets such as Bitcoin (BTC), Ripple's infrastructure remains robust. Ripple is exploring business opportunities by entering into non-disclosure agreements with various financial institutions. This is a strategic move to achieve both technological advancement and regulatory compliance.

In conclusion, the cooperation between Ripple and central banks is ongoing and is in the stage of expanding technical common ground. Market participants need to focus on official business achievements rather than investments based on rumors. Ripple is strengthening partnerships with the goal of innovating the global financial system. The future direction of business development will be transparently disclosed through official channels.

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