.Ripple partners with SuperHow to work on a new Axiology project involving crypto and CBDCs
Axiology is an infrastructure system for trading and settling tokenized securities. It allows several layers of the current capital market infrastructure to exist side by side on a single tech layer, make all processes more efficient, launch new business model and so on. This partnership will allow Ripple to continue to spread innovative ideas and technologies to help advance the adoption of blockchain in the sphere of finance.
Ripple's VP of Central Bank Engagements James Wallis stated that Ripple Labs is happy to collaborate with Super How and the Axiology project to create real use cases for central bank digital currencies . Stablecoins and CBDCs are necessary for settling tokenized securities. This is part of the recent DLT Pilot Regime Regulation adopted by the European Union. Therefore, Axiology will be a good opportunity for European banks to practice issuing and using CBDCs.Along with the MiCA regulation , targeted at the prevention of fraud activities and AML, the European Commission has introduced a Digital Financial Package. Its goal is to spur the adoption of cryptocurrencies and CBDCs.
The Blockchain Pilot Regime is the main component of this initiative; it will be a sort of sandbox for testing crypto- and CBDC-based payments and settlements.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mayorkas boasts illegal border crossings fell 65% under new Biden policiesHomeland Security Secretary Alejandro Mayorkas took a victory lap Thursday over the dropping number of illegal immigrants trying to sneak across the southern border, saying it's evidence that his carrot-and-stick approach is paying off.
Read more »
The Public Theater announces new leadership & creates partnership with The Classic TheatreThe Public Theater announces leadership changes/ partnership with The Classic Theatre
Read more »
Meta announces 'new and improved' LLaMa 2 in partnership with MicrosoftMeta open-sourced Llama 2 with their preferred partner Microsoft. This gives researchers and businesses access to build with a next-gen LLM.
Read more »
Mandy Moore Discusses Her Career, Family Priorities And Her New PartnershipThe longtime actor and singer/songwriter opens up about how her mentality towards business and everyday life has evolved over the years.
Read more »
SEC vs. Ripple: Huge win for crypto🎥 The latest episode of The Market Report with Cointelegraph is out! Tune in to watch Cointelegraph’s resident expert, Marcel Pechman, discuss Ripple’s latest win against the SEC and what it could mean for the crypto market.
Read more »
Rep. Ritchie Torres Weighs in on Ripple's Partial Win, State of Crypto RegulationIn a letter to SEC Chairman Gary Gensler, Congressman Ritchie Torres wrote, 'regulation by enforcement had a dreadful day in court,' referring to the summary judgment issued by Judge Analisa Torres in the SEC v. Ripple Labs decision. The lawmaker from New York joins 'First Mover' to discuss the SEC's latest actions in the wake of the Ripple court ruling and his outlook on the future of crypto regulation in the U.S.
Read more »