Ripple Launches CBDC Competition to Encourage XRPL Innovation
Ripple has announced the CBDC Innovate challenge, with a total prize pool of $150,000. The Ripple CBDC Innovate challenge seeks to inspire programmers to build applications capable of running on the XRP Ledger and supporting retail central bank digital currencies (CBDCs), interoperability and financial inclusion. The deadline for the first batch of submissions is August 25. Competitors are expected to build or update a fintech or payment solution that makes use of CBDC and can run on the XRP Ledger, create a solution that can take advantage of CBDC’s advantages or create an interface that allows any human to engage with a CBDC. [Read more]
ANZ completes first A$DC stablecoin transaction
ANZ customer Victor Smorgon Group successfully purchased tokenized Australian carbon credits (BCAU) using the ANZ-issued stablecoin A$DC. This transaction is an important step for ANZ as the bank explores greater circulation of the stablecoin. In this transaction, Victor Smorgon Group used A$DC as a medium of exchange to purchase the BCAU carbon tokens from Zerocap, an Australian crypto asset investment platform. [Read more]
Upcoming events I’m affiliated with:
I’ll be joining the World Bank’s Harish Natarajan to discuss the historical and modern lessons that are shaping the future of central bank digital currencies (CBDCs) on Session #6 of the FNA’s CBDC Broadcast on June 30 at 09:00 EST. [Register here]
The CBDC Think Tank, in partnership with the International Monetary Fund and George Washington University, is hosting a full-day in-person CBDC Masterclass on October 12 in Washington DC. The sessions are designed as instructional deep dives with full presentations and Q&A components. [Register here]
