Ripple partners with central bank’s digital currency think tank

Ripple has partnered with the Digital Euro Association (DEA) to jointly work on Central Bank Digital Currencies (CBDCs).

The DEA, based in Frankfurt, Germany, is a think tank focused on CBDCs, stablecoins, crypto assets, and other forms of digital currency.

The organization aims to influence the CBDC and crypto-related policy through research and by providing a platform for policymakers, technologists, and economists to discuss digital assets.

In a new announcement, it describes Ripple as a leader in its field but does not give exact details on what the partnership will entail.

“Ripple, a leading provider of blockchain and enterprise crypto solutions for cross-border payments, recently developed blockchain-based infrastructure to support CBDCs and engaged with the central bank of Bhutan , among other things, to help run their CBDC driver.

Ripple is also a member of the Digital Pound Foundation and continues to expand its efforts around CBDCs around the world. The DEA partnership with Ripple includes, among other things, joint educational efforts around digital currencies and knowledge exchange.

DEA Chairman Jonas Gross said:

“We are delighted that, through the partnership with Ripple, we can extend the technological expertise of the DEA community. As more and more CBDC projects around the world reach advanced stages, the technological design of a CBDC will play a key role for decision makers in the near future, whereas previous years focused mainly on research.

Ripple too address the partnership in a tweet to its followers and said it was part of its overarching goal to provide CBDC-related solutions globally.

“We are delighted to join the Digital Euro Association as a supporting partner to further develop our work with CBDCs!

This is part of our broader goal to develop and deliver global solutions for CBDCs and stablecoins through our blockchain and crypto expertise.

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