Lawyer Jeremy Hogan told how XRP Ledger can interact with CBDC.
Lawyer Jeremy Hogan on twitter told how XRP Ledger can interact with CBDC. He noted:
The XRP Ledger could interact with CBDCs in a few different ways. One possibility is that a CBDC could be issued on top of the XRPL as an IOU represented by a specific token. This would allow for the CBDC to take advantage of the XRP Ledger’s fast/efficient settlement times. 1/
Another possibility is that the CBDC’s Central Bank could open a “gateway” on the XRPL that allows users to deposit and withdraw the CBDC. This would allow for the CBDC to be used in conjunction with XRP and other digital assets on the XRP Ledger. 2/
It’s also possible that CBDCs will be pegged to XRP and interact with the XRP Ledger as a stable coin, which would allow for fast, cheap and efficient cross-border transactions. … Of course, I personally have no clue, I’m a stupid lawyer, but this is what Chat AI said!