Central bank digital currencies (CBDCs) are showcased as potential solutions for various inherent issues with traditional fiat money. The prominent ones among these are easing cross-border payments and making financial inclusion smooth. Vice president of central bank engagement at Ripple, James Wallis, holds similar views on CBDCs resolving financial inclusion issues.
Ripple Leads in CBDCs Infrastructure Development
According to a Ripple executive, the lack of financial inclusion keeps…