• XRP beats Bitcoin Ether as CBDC platform
    Ripple,  XRP

    XRP beats Bitcoin, Ether as central bank digital currency platform

    An Australian report said Ripple’s permissioned network enjoys ‘the trust of many banks as a model for CBDCs’

    Ripple is a better platform for central bank digital currencies than Ethereum or Bitcoin, according to a new report from CPA Australia, a large accounting industry association. It said that Ripple and the XRP token that underpins it “enjoy the trust of many banks as a model for CBDCs because it is highly centralized and is based on a permissioned network where only certain network nodes can validate transactions, as opposed to decentralized and permissionless Bitcoin and Ether.”

  • Australia researches Ethereum-based CBDC
    Cryptocurrencies,  Politics,  Technology

    Australia’s central bank to research Ethereum-based CBDC

    The Reserve Bank of Australia is working with ConsenSys software on a proof-of-concept using a tokenized digital currency usable for back-end transactions between banks

    The alliance will investigate the potential use and implications of a wholesale form of CBDC using distributed ledger technology (DLT), which is not accessible to consumers but only to financial institutions—and in some cases other parties that move large quantities of money.