Today Ripple announced that Colombia’s central bank and Ministry of Information and Communication Technologies (MinTIC) will experiment with Ripple blockchain technology in its high value payment system. While it will use Ripple’s CBDC Platform, underpinned by a private version of the XRP Ledger, the central bank did not explicitly state it would trial a central bank digital currency (CBDC).
Colombia’s ICT Minister Mauricio Lizcano mentioned blockchain technology, saying, “it will provide a technological solution (Prototype), which will allow simulations of different use cases in the high-value payment system.”
Local blockchain technology firm Peersyst Technology is the direct partner with MinTIC.
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