Ripple's CBDC Innovate 2023: Empowering African Diaspora: Ripple's CBDC Platform Innovations - Futurum Tech Webcast
In this Futurum Tech Webcast, host Steven Dickens interviews Parv Aggarwal on the Diaspora Bank Project, discussing integrating Ripple's CBDC platform into the project's initiatives. Aggarwal explains how they aim to connect the African diaspora with the continent, particularly through remittances. The project emphasizes the potential of CBDCs to streamline payments and enable investment vehicles for the diaspora, reducing the friction and high fees associated with traditional remittance methods. The discussion also covers how the project leverages the XRP ledger for efficient cross-border payments and financial inclusion, particularly in rural areas. Their discussion covers: How the Diaspora Bank Project aims to redirect remittance fees into investments in Africa. How CBDCs provide a seamless payment rail and enable multi-platform functionalities. How the project uses the XRP ledger for low-fee cross-border remittances and investments. The focus on financial inclusion and economic development through the Diaspora Bank Project. Learn more about Ripple on the company's website and the Diaspora Bank Project entry on Devpost.