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Ripple and the Digital Euro Association (DEA) will jointly work on central bank digital currencies (CBDCs).
The collaboration, announced on Friday, credits Ripple for being a leader in the space of cross-border payments.
“Ripple, one of the leading providers of enterprise blockchain and crypto solutions for cross-border payments, has recently developed a blockchain-based infrastructure to support CBDCs and is engaged with Bhutan’s central bank, amongst others, to help execute their CBDC pilot.
Ripple is also a member of the Digital Pound Foundation and continues to extend its efforts around CBDCs worldwide. The DEA partnership with Ripple includes, amongst others, joint educational efforts around digital currencies and knowledge exchange.”
Based in Frankfurt, Germany, the DEA is an EU funded think tank tasked with CBDCs, stablecoins, cryptocurrencies and other forms of digital money. The organization does research and provides a platform of discussion to stakeholders, such as policymakers, technologists, and economists.
Chairman of the DEA, Jonas Gross, said:
“We are thrilled that, due to the partnership with Ripple, we can extend the technological expertise of the DEA community. As more and more CBDC projects worldwide reach advanced stages, technological design of a CBDC will play a key role for policy-makers in the near future, while previous years focused primarily on research.”