Colombia’s central bank and Ripple are partnering to pilot blockchain technology on the XRP ledger’s CBDC platform.
on June 15 says the pilot will run through 2023 and states that its purpose is to demonstrate the technology’s utility to the public:
“The goal of the third phase of MinTIC’s experimentation of blockchain will be to educate national and territorial public entities through interactive and collaborative real-world application experiments of how blockchain technology’s unparalleled speed, scalability, and transparency can revolutionize payment systems and data management.”
The XRP ledger CBDC platform also serves as the basis for similar pilot projects in Hong Kong, Bhutan, Palau and Montenegro.
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