Developers: build a solution that utilizes CBDCs on the XRP Ledger for a chance to win cash.

Central Bank Digital Currency

Secure blockchain innovation for a sustainable economy

Manage the full CBDC lifecycle

Ripple offers a complete platform for minting, managing, transacting, and destroying CBDCs.

Each solution is built on a private ledger that is based upon XRP Ledger technology—a proven blockchain that has transacted over 70 million times over the course of 10 years and is trusted by financial institutions around the world.

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Why choose Ripple’s CBDC platform

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Stability, security, and resilience

Build trust using the XRP Ledger’s proven technology, enabling consistent standards, privacy, and security.

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Access and inclusion

Enable wholesale and retail use cases by supporting a variety of participants including banks, fintechs, and members of the public.

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Interoperability and overlay services

Connect to domestic payment systems, core ledgers, and other CBDCs to reach new levels of innovation through programmability support and smart contracts.

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Sustainability

Commit to sustainable innovation by using the carbon-neutral XRP Ledger, which uses a unique consensus mechanism that consumes negligible energy.

Ripple CBDC Dashboard UI

How Ripple’s CBDC platform works

Step 1
Onboard

Standard APIs enable integration of the CBDC platform into existing systems.

Step 2
Mint

Banks can use the CBDC platform's cryptographic multi-sign controls to mint CBDCs.

Step 3
Distribute

Issuers can directly send CBDCs to authorized accounts, ensuring only valid participants can receive and hold the CBDCs.

Step 4
Transact

Transactions settle in 2-3 seconds across many use cases. Interoperability enables cross-asset and cross-border transactions when connected to another CBDC.

Step 5
Redeem

Participants can return funds on the CBDC platform to the issuer in exchange for fiat.

Step 6
Destroy

The CBDC platform supports the secure destruction of currency, giving the bank full control over supply.

Central Bank Digital Currency Image

For Developers

Enter the CBDC Innovate Challenge

Help accelerate financial inclusion and get a chance to win cash prizes in the process. Developers can enter the CBDC Innovate Challenge to enable interoperable and retail-facing use-cases for CBDCs on the XRP Ledger.

CBDC Innovate

Read the latest blog posts on Ripple Insights

Ready to get started?

Contact a member of our team to learn how Ripple’s CBDC platform can help you implement a secure, inclusive, sustainable solution tailored to meet your needs in a changing financial world.