A 2020 CBDC report prepared for CPA Australia by RMIT University highlighted Ripple/XRP as a possible platform discussed in connection with Europe's future digital currency! As the BIS have showed us recently $XRP was already being examined in serious central-bank research.

What happened

A 2020 report prepared for CPA Australia by RMIT University mentioned Ripple/XRP as a possible platform for Europe's future digital currency, and the Bank for International Settlements recently showed XRP was examined in central-bank research.

Confirmed

Global impact / market context

If central banks consider XRP for digital currencies, it could increase demand for the token, potentially boosting its price. This also gives XRP more legitimacy as a serious financial technology, which might attract more investors.

Analyst inference

Digital currencies are being studied by central banks worldwide, and using existing platforms like XRP could reduce development costs. This news suggests XRP might compete with other blockchain systems, affecting its value and investor interest in the cryptocurrency market.

Analyst inference

What to watch

1. Watch for any official statements from CPA Australia or RMIT University confirming the details of their 2020 report, which listed Ripple/XRP as a possible platform for Europe's digital currency. Confirmed
2. Monitor future publications from the Bank for International Settlements that might reveal more about how XRP was examined in their research, potentially showing specific tests or evaluations conducted. Proposed
3. Observe whether other central banks follow Europe's example and consider XRP for their own digital currencies, which could increase its adoption and affect its market value. Analyst inference

Affected assets

• XRP — XRP

Evidence

• x.com