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Ripple Exec Identifies Benefits of Retail CBDCs in Global Payment Innovation

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James Wallis, the Vice President of Central Banks Engagement at Ripple Labs, has shared his take on the evolution of digital payments and the future of retail Central Bank Digital Currencies (CBDCs).

In a recent  interview  with PYMNTS, Wallis highlighted the growing shift by most central banks toward CBDCs. He believes the change is the banks’ way of modernizing payments by removing third-party intermediaries and promoting Peer-to-peer (P2P) transactions.

Benefits of Retail CBDCs

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