• Ripple leadership team is predicting Central Bank Digital Currencies (CBDCs) to be a major trend in 2023.
• On January 26, James Wallis, Vice President of Central Bank Engagements and CBDCs at Ripple, will deliver a keynote at a webinar addressing the potential use cases and benefits of a digital pound.
• Ripple joined the Digital Pound Foundation in October 2021 in a bid to engage with central banks worldwide on technical and policy issues related to CBDCs.
Ripple, the blockchain payment and remittance network, is looking to the future with Central Bank Digital Currencies (CBDCs) as one of the biggest trends. To drive this agenda, the leadership team at Ripple are actively working with the private and public sectors to create a digital pound in the UK. On Thursday, January 26, James Wallis, Vice President of Central Bank Engagements and CBDCs at Ripple, will deliver the keynote at a webinar addressing the potential use cases and benefits of a digital pound.
The webinar is being hosted by the Digital Pound Foundation, which Ripple joined in October 2021. The foundation is focused on the development and launch of a digital pound in the United Kingdom. Ripple appointed Susan Friedman, Head of Policy, to represent the foundation as a board member so as to strengthen their initiative to engage with central banks worldwide on technical and policy issues related to CBDCs.
The webinar will include a panel of experts to discuss the potential benefits of CBDCs. The panel will include William Lorenz (co-leader of the Digital Pound Foundation’s use case working group), Chris Ostrowski (CEO and co-founder, SODA), Jakub Zmuda (strategy officer, Modulr), Andrew Dare (CTO banking and financial markets director advisory expert, CGI), Claire Conby (managing director at Billon), and David Karney (head of digital assets, Worldline).
The discussion will focus on the advantages of CBDCs, such as enhanced transparency and efficiency, improved access to finance for individuals and businesses, and increased resilience and security for financial transactions. It will also explore how CBDCs could help to reduce financial exclusion and increase financial inclusion.
The panelists will also discuss how a digital pound could be used to enable faster and more secure payments, as well as to facilitate access to financial services for the unbanked. They will also consider how the digital pound could be used to support the development of UK financial technology companies and startups.
Ripple’s participation in the Digital Pound Foundation indicates their commitment to helping to shape the future of the financial system. The webinar will provide an opportunity to learn more about the potential of a digital pound and to hear the insights of experts in the field.