#Ripple and Central Bank of Colombia will investigate blockchain technology applications
The protagonists of the agreement are Banco de la República and the Ministry of Information Technology and Communications (MinTIC). These will embark on this pilot to explore ways to improve the high-value payment system using Ripple's #CBDC platform.
The $XRP Ledger, an open source blockchain characterized by its commitment to energy sustainability, will be the basis for this pilot. Said project constitutes the third phase of blockchain experimentation led by #MinTIC
"Banco de la República de Colombia and MinTIC, with their innovative vision in blockchain, will drive new ways of operating in the digital era."