PUBLIC BLOCKCHAIN

Even though Ripple has been going through some lawsuits, its customers are not backing out. There are still many people who use it and that shows that Ripple is here to stay. Companies adopt Ripple because it makes transactions easy and faster. Usually transferring funds internationally used to take 2 to 3 days but now it takes 5 minutes. Not only it helps with the fast transaction process, but it allows the creation of more business opportunities as well. The crypto industry with come out stronger from the crisis if they continue to focus on transparency.

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XRP ledger is one of the world's leading public blockchain which is built for payment and issuing currencies and of course fit in for CBDC. Ripple has already helped out in creating a public blockchain that helps replace CBDC, they have helped the central banks create a private version of CBDC. The relationship between the private sector and the private sector will help in the adoption of CBDC. The central bank will be the designer of the rules and the implementer of the platform for handling CBDC while the use cases will be coming from the private sector.

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Apart from Ripple, another company that is designed to comply it the regulations is Stellar (XLM) which is not surprising given that they have a common origin in the person of Jed McCaleb. Crypto regulations have been a high priority for many years now and the borderless nature of blockchain technology makes it even harder to regulate than the traditional financial markets. There has to be combined among the International regulator. A lot of people don't know what XRP and Solana are because did feel they should be regulated not until the many different crises happening in the crypto space.