Bhutan Central Bank Partners With Ripple To Launch CBDC

Bhutan's central bank, the Royal Monetary Authority (RMA), is piloting its central bank digital currency (CBDC) using Ripple's CBDC Private Ledger to improve financial inclusion among citizens and boost cashless payments. Latest Country To Explore CBDC - Bhutan The RMA is planning to pilot the digital version of Bhutan's currency, Ngultrum, using Ripple's sustainable blockchain technology to increase financial inclusion to 85% by 2023.

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