Ripple, a digital payments decacorn, emphasizes its bet on the stablecoin segment with the new partnership. Its officers will accelerate the progress of CBDC pegged to the Great British Pound.
According to the official statement by Ripple shared on its official website, it joins U.K.-based non-profit Digital Pound Foundation as a foundation member.
Susan Friedman, head of policy at Ripple, will represent the corporation at the Digital Pound Foundation. She stressed the importance of this partnership for the evolution of the global financial system:
We are excited to support the design and implementation of a digital Pound in partnership with the Digital Pound Foundation.The Foundation will help advance the UK’s goal to build a more inclusive and sustainable financial system.