Ripple was placed first among 15 other Central Bank Digital Currencies (CBDCs) in a recent survey by Juniper Research, a digital sector consulting company created in 2001.
Ripple’s senior CBDC adviser and the former government of the United Kingdom blockchain advisor Antony Welfare made special note of the honor.
Welfare made reference to the study’s findings that CBDCs would see tremendous development by 2030 on Twitter, highlighting the study’s validation of Ripple’s accomplishments and potential:
Out of 15 providers, Ripple topped the charts as the clear frontrunner in #CBDC. Juniper Research has released a forecast predicting a large increase in worldwide transaction volume to $213 billion by 2030.
Several factors contribute to the report’s conclusion that Ripple is superior to its 15 established competitors.
According to the research, by 2030, the value of payments made via CBDCs would have increased to $213 billion yearly. According to estimates from Juniper Research, that number will reach $100 million by 2023. The real potential, though, won’t become apparent for a while. With a growth potential of over 260,000 percent, CBDCs are still in their infancy and have only been implemented in a few test projects thus far.
According to Juniper Research, the involvement of governments throughout the globe in promoting CBDC projects will be the primary factor in the expansion of CBDCs. The stated objective is to strengthen consumer protections for digital payment systems and to expand access to financial services.
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