• ist now a member at the Digital Pound Foundation.
• Its Head of Policy — Susan Friedman, will represent.
• Foundation hopes to form a team for the development of a digital Pound.

Ripple is proud to announce its partnership with the Digital Pound Foundation. This is a UK non-profit that works to create and implement digital Pounds. Ripple’s Head of Policy — Susan Friedman will represent the firm.

Now, with Ripple as a member, it will support the Foundation’s mission to engage central banks globally on policy and technology-centric issues. These are the most common issues when setting up Central Bank Digital Currencies, or CBDC.

Friedman comments

With the Digital Pound Foundation we are proud to be supporting the creation and implementation of the digital Pound. The Foundation will help advance the UK’s goal to build a more inclusive and sustainable financial system.

Ripple is also convinced that the UK leads responsible innovation in crypto. As a result, Ripple believes that a digital Pound is a step in the right direction for the country.

Meanwhile, the Foundation stands firm on the fact that a digital Pound will support the country’s smooth transition for an innovative digital economy. The UK can be a leader in global digital economy if it has a stable CBDC and other digital currencies.

The race to develop sovereign-backed crypto is on, as many countries are now looking at it. Every technical and pragmatic challenge that comes with creating, designing, operating and disseminating a digital Pound is being addressed by the Bank of England.

The government recognizes that a digital currency can provide its citizens with cheaper, more efficient and long-lasting payment options. It isn’t an easy task. This is precisely why Digital Pound Foundation works to create the most talented team to achieve this goal.

In fact, it is striving to gather a diverse array of members to secure the UK’s competitive lead on a global scale. These nations will have complete autonomy if they can access privacy and interoperability through more CBDCs.

Ripple, on the other hand is not new to the business. Multiple partnerships have been made by Ripple with international banks. Ripple has a reputation for being carbon-neutral. The world is eager to see the digital Pound come to life.

Continue reading on CoinQuora