XRP News: Ripple Shares Report On CBDC; Whales Move 220 Million XRP

Also Read: Will Coinbase Relist XRP? Exchange Legal Chief Responds

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Ripple Moves Ahead To Promote CBDC

As per the report, Ripple estimates that CBDCs could grow from $100 million today to $213 billion by 2030. It stated multiple examples of why this surge might come ahead.

Ripple mentioned that the Central Bank of Brazil is launching a CBDC by 2024. While the Central Bank of Montenegro also pitched a pilot project around CBDC with Ripple. However, the Bank of England is expected to move forward with work around a digital pound.

It added that Digital Currency Monetary Authority dropped the Universal Monetary Unit (UMU) designed to push cross border transactions. Read More XRP News Here…

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As Ripple moves ahead to advocate CBDC, Crypto whales have moved millions of XRP tokens. Data depicts that whales moved around 223 million XRP (approx worth $95 million) in multiple transactions over the past 24 hours. However, the biggest transaction recorded by the tracker has been of moving 113.3 million XRP (approx worth $51.6 million) among unknown wallets.

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