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London as a future crypto hub: Ripple proponent emphasizes importance of CBDCs and global political framework
London: The potential to become a crypto hub London has the potential to become a crypto hub and drive the entire digital currency ecosystem, claims Susan Friedman, head of policy at Ripple, in an interview with the Digital Pound Foundation. According to Friedman, London’s commitment to developing ecosystems for crypto assets and central bank digital currencies (CBDCs) is significant. As one of the biggest proponents of promoting the CBDC ecosystem, Ripple advocates for global policy frameworks that drive the development of crypto assets, including CBDCs. Friedman was positive about the Bank of England's actions and the bank's consideration of all viewpoints...
London as a future crypto hub: Ripple proponent emphasizes importance of CBDCs and global political framework
London: The potential to become a crypto hub
London has the potential to become a crypto hub and drive the entire digital currency ecosystem, claims Susan Friedman, head of policy at Ripple, in an interview with the Digital Pound Foundation. According to Friedman, London’s commitment to developing ecosystems for crypto assets and central bank digital currencies (CBDCs) is significant.
As one of the biggest proponents of promoting the CBDC ecosystem, Ripple advocates for global policy frameworks that drive the development of crypto assets, including CBDCs. Friedman was positive about the Bank of England's actions and the government's consideration of all viewpoints when launching a CBDC. According to her, digital currencies and CBDCs are the natural evolution of value exchange in a globalized world. Friedman believes that all countries need to develop a strategy for implementing CBDCs in order to efficiently interact with the global market.
Friedman believes that CBDCs and cryptocurrencies can promote financial inclusion, improve access to financial services, and increase the efficiency of payments. She also emphasized that digital currencies can help reduce energy consumption and environmental resources by reducing the need for physical money. However, she cautions that central banks around the world are struggling to promote this technology while maintaining financial stability and control over their monetary systems. For Friedman, interoperability between CBDCs from different countries is crucial to ensure financial stability.
In summary, Friedman's positive assessment of London's potential as a crypto hub reflects Ripple's commitment to promoting global policy frameworks. According to Friedman, the benefits of CBDCs and cryptocurrencies lie in financial inclusion and reducing energy consumption. While the implementation of CBDCs is being explored worldwide, interoperability and financial stability are crucial.
Regarding the cryptocurrency XRP, market analyst Eggag Crypto has shared his assessments for the next 100 days and highlighted key support and resistance levels. These levels give investors an indication of where the XRP price could be heading in the coming months. However, the ongoing litigation between Ripple and the US Securities and Exchange Commission could have a significant impact on the price of XRP, depending on Judge Torres’ decision.
Despite this uncertainty, Eggag Crypto advises investors to exercise prudence and a long-term perspective. Short-term fluctuations can be unpredictable, so he recommends a dollar-cost averaging (DCA) strategy. Currently, XRP is trading at $0.4657, following the general market trend.