{"id":5717,"date":"2023-06-17T19:31:31","date_gmt":"2023-06-17T23:31:31","guid":{"rendered":"https:\/\/sikaoer.com\/ripple-partners-with-colombias-central-bank-to-explore-blockchain-technology\/"},"modified":"2023-06-17T19:31:31","modified_gmt":"2023-06-17T23:31:31","slug":"ripple-partners-with-colombias-central-bank-to-explore-blockchain-technology","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/ripple-partners-with-colombias-central-bank-to-explore-blockchain-technology\/","title":{"rendered":"Ripple partners with Colombia\u2019s central bank to explore blockchain technology"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div data-v-0c8d7d80=\"\">\n<p>Banco de la Rep\u00fablica, Colombia\u2019s central bank, is partnering with Peersyst and Ripple to pilot blockchain technology on the XRP ledger.\u00a0<\/p>\n<p>The Ministry of Information and Communications Technologies (MinTIC) in Colombia will oversee the project, which will use Ripple\u2019s recently launched central bank digital currency (CBDC) platform. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ripple and @Peersyst are partnering with Colombia\u2019s @BancoRepublica in conjunction with @Ministerio_TIC to pilot use cases that will enhance Colombia\u2019s high-value payment system.<\/p>\n<p>Learn more about the partnership: https:\/\/t.co\/X9jyJ3pvDa<\/p>\n<p>\u2014 Ripple (@Ripple) June 15, 2023<\/p><\/blockquote>\n<p>An announcement\u00a0published on June 15 says the pilot will run through 2023 and states that its purpose is to demonstrate the technology\u2019s utility to the public:<\/p>\n<blockquote><p>\u201cThe goal of the third phase of MinTIC\u2019s experimentation of blockchain will be to educate national and territorial public entities through interactive and collaborative real-world application experiments of how blockchain technology\u2019s unparalleled speed, scalability, and transparency can revolutionize payment systems and data management.\u201d<\/p><\/blockquote>\n<p>The XRP ledger CBDC platform also serves as the basis for similar pilot projects in Hong Kong, Bhutan, Palau and Montenegro.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">CBDC team making significant progress with the launch of the new #cbdc platform  Four countries now announced  Grateful to the team at @Ripple who are developing the best platform for the future of Digital Currencies  Palau  Bhutan  Montenegro  Hong Kong \u2026<\/p>\n<p>\u2014 Antony Welfare (@AntonyWelfare) May 19, 2023<\/p><\/blockquote>\n<p>Ripple\u2019s continued growth comes amid ongoing legal challenges stemming from a Securities and Exchange Commission (SEC) suit against the company filed in 2020. <\/p>\n<p>The SEC alleges that Ripple sold $1.3 billion worth of unregistered securities in the form of its XRP (XRP) token. Ripple claims that XRP isn\u2019t a security and that the SEC never gave it any notice or warning.<\/p>\n<p><strong>Related: <\/strong><strong>The SEC vs. Ripple lawsuit: Everything you need to know<\/strong><\/p>\n<p>As Cointelegraph recently reported, the company also claims it spent $200 million defending itself from the suit. While there\u2019s currently no definitive answer to the question of when the trial will end, it\u2019s widely believed that the release of the so-called \u201cHinman documents\u201d could affect the remaining legal proceedings. <\/p>\n<p>The Hinman documents reference internal SEC communications related to a 2018 speech given by William Hinman, the former director of the SEC\u2019s corporate finance division. During the speech, Hinman commented that cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) might start out as securities but could become commodities later once they become sufficiently decentralized. <\/p>\n<p>At the time, internal SEC notes indicated\u00a0that\u00a0the commission was concerned Hinman\u2019s comments could make it \u201cdifficult for the agency to take a different position on Ether in the future.\u201d <\/p>\n<p>While Himan\u2019s speech was given before the SEC\u2019s suit against Ripple and didn\u2019t directly reference XRP, experts argue that it shows that even the SEC understood there was confusion surrounding the agency\u2019s treatment of cryptocurrencies. <\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/ripple-partners-colombia-central-bank-explore-blockchain-technology\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banco de la Rep\u00fablica, Colombia\u2019s central bank, is partnering with Peersyst and Ripple to pilot blockchain technology on the XRP ledger.\u00a0 The Ministry of Information and Communications Technologies (MinTIC) in Colombia will oversee the project, which will use Ripple\u2019s recently launched central bank digital currency (CBDC) platform. Ripple and @Peersyst are partnering with Colombia\u2019s @BancoRepublica [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-5717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple partners with Colombia\u2019s central bank to explore blockchain technology - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/ripple-partners-with-colombias-central-bank-to-explore-blockchain-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple partners with Colombia\u2019s central bank to explore blockchain technology\" \/>\n<meta property=\"og:description\" content=\"Banco de la Rep\u00fablica, Colombia\u2019s central bank, is partnering with Peersyst and Ripple to pilot blockchain technology on the XRP ledger.\u00a0 The Ministry of Information and Communications Technologies (MinTIC) in Colombia will oversee the project, which will use Ripple\u2019s recently launched central bank digital currency (CBDC) platform. 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