Ripple says CBDC is the future of finance in new report

Company Ripple says CBDC is the future of finance in new report.

Company Ripple says CBDC is the future of finance in new report, , announcing it on Twitter:

Data from our New Value Report shows that many agree with the potential for #CBDCs to bring about a more financially inclusive future. Meanwhile, over 40% of financial institutions feel CBDCs solve for efficiency in payments systems.

The report itself on the official website stated, for example, the following:

More than 70% of respondents surveyed across five global regions believe CBDCs stand to deliver major social change within the next five years, with Asia Pacific ranking the highest at 89%. Specifically, four out of five regions see financial inclusion or greater access to credit as the largest potential breakthrough to be driven by CBDCs.
Eighty-five percent (85%) of leaders at financial institutions think their country will launch a digital currency within the next four years. And beyond financial inclusion, many of them feel this technology would deliver enhanced national competitiveness (44%), greater efficiencies within their payment systems (43%) and advance innovation more broadly (42%).
Ultimately, consensus on the potential for CBDCs to bring about more inclusive financial systems is clear. While there remains much work to be done, many expect the transformation to be timely and that we will begin to see the fruits of this transition before the turn of the decade.