Harvard: Ripple (XRP) and Stellar Lumens (XLM) will be backbone … – Crypto News Flash

Harvard: Ripple (XRP) and Stellar Lumens (XLM) will be backbone … – Crypto News Flash

Blockchain Crypto Market Technology
January 7, 2023 by Coinvasity
23
Although the U.S. Securities and Exchange Commission (SEC) is engaged in a major battle with Ripple, other market players continue to see major value in this blockchain network. Harvard University recently published a report on the pathway for US Digital Dollar.In the report, the author Jayesh Mehta mentions that blockchain technology has become mature enough
wp-header-logo-100.png

Although the U.S. Securities and Exchange Commission (SEC) is engaged in a major battle with Ripple, other market players continue to see major value in this blockchain network. Harvard University recently published a report on the pathway for US Digital Dollar.
In the report, the author Jayesh Mehta mentions that blockchain technology has become mature enough to handle FIAT currency in the digital format. Interestingly, the report also mentions that blockchain networks like Ripple and Stellar Lumens have seen growing acceptance while becoming the preferred choice for international businesses.




Besides, the report also goes on to explain how these two blockchain platforms can facilitate instant CBDC settlements worldwide while leveraging the power of AI and Machine Learning. This process also involves an ML-controlled FX interface. The author explains the entire seven-step automated process for the immutable fund transfer chain.
Major economies across the world have been gearing up to launch their central bank digital currencies (CBDCs). However, many experts believe that instead of building the CBDC infrastructure from the ground up, central banks can leverage the existing infrastructure to cater to their instant settlement needs.
Follow us for the latest crypto news!
As per the latest report, the Stellar Lumens blockchain can serve as the base layer for CBDCs worldwide. Stellar Lumens CEO Denelle Dixon recently stated that they are keen to work with the war-torn country of Ukraine to launch their CBDC.




Furthermore, Stellar Lumens along with Ripple’s XRP have become part of ISO 20022 which makes them suitable and compliant for CBDCs. Furthermore, the Harvard University report notes that CBDCs can work along with stablecoins, and Ripple and Stellar can easily handle such transactions.
Additionally, Tipple is already expanding its ODL solution to more than 40 countries. Thus, it has the infrastructure ready to cater to global economies. Here’s how Ripple’s XRP Ledger can work efficiently with CBDCs worldwide.
Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.
Comments are closed.
Crypto News Flash
Crypto News Flash is your number one source for the latest news and information from the world of cryptocurrencies.
About us
Contact us
Legals
Data protection policy
*= Affiliate-Link
Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. The content of this website solely reflects the subjective and personal opinion of the authors. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. You alone bear the risk for your investment decisions. Read more!

source

Add a comment