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Ripple Using XRP Ledger Code To Create Private Blockchains for CBDCs

According to a recent tweet, Ripple is currently working on deploying private blockchains of the XRP Ledger (XRPL) code to be used by central banks in developing Central Bank Digital Currencies (CBDCs) and other similar use cases from Matt Hamilton, a former Principal Developer Advocate at Ripple Labs.

Hamilton emphasized that these versions of the XRP Ledger are not yet live, as the federation code is still in the works. The federation code is a component of the XRPL software that enables cross-border payments by routing payments between different payment networks using federation addresses. It essentially acts as a bridge between the XRP Ledger and external networks.

(By ALBERT BROWN)

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