The company claimed its CBDC solution would allow Bhutan’s central bank to deploy a digital ngultrum „without compromising financial stability or monetary policy objectives.”
The Royal Monetary Authority of Bhutan is partnering with Ripple to pilot a central bank digital currency in the mountainous kingdom.In a Wednesday announcement, Ripple Labs said Bhutan’s central bank would be taking advantage of the company’s private ledger to issue and manage a digital ngultrum. According to Ripple, the move was motivated by the Royal Monetary Authority’s, or RMA’s, effort to improve cross-border payments, expand financial inclusion for its residents, and “extend its commitment to sustainability as the only carbon-negative country in the world.”With a population of roughly 800,000, Bhutan’s gross domestic product amounted to $2.5 billion in 2020. Although many news outlets report on the country’s „gross national happ
Źródło: https://cointelegraph.com/news/ripple-is-helping-bhutan-pilot-a-cbdc
