Ripple's CBDC Innovate 2023: Bridging Gaps in Digital Payments and CBDC with ExtoLabs - Futurum Tech Webcast
In this Futurum Tech Webcast, Steven Dickens and Orang Dialameh discuss ExtoLabs' role in advancing digital payments and CBDC (Central Bank Digital Currency) initiatives. Dialameh, CEO and co-founder of ExtoLabs, explains how their technology addresses the friction in digital payments, particularly in emerging markets. The discussion delves into the technicalities of integrating XRP ledger for secure, low-cost transactions and the nuances of maintaining privacy and KYC (Know Your Customer) compliance in digital currencies. Their discussion covers: ExtoLabs' focus on reducing friction in digital payments, highlighting the challenges in both mature and emerging markets. The use of Bluetooth technology for offline transactions and the adaptation of the XRP ledger for secure, rapid transactions. The importance of privacy in CBDC systems, ensuring anonymity for users while maintaining KYC standards. The potential of distributed ledgers in addressing data privacy issues and their application in both CBDC and e-money solutions. Learn more about Ripple on the company's website and ExtoLabs' entry on Devpost.