Ripple is enlisted to help create the UK CBDC

Ripple co-founded the nonprofit Digital Pound Foundition, which is involved in the development and implementation of Britain’s national digital currency.

The Digital Pound Foundation, which has partnered with Ripple, believes that the introduction of the digital pound will underpin the transition to the UK’s innovative digital economy and ensure the country’s place in the global digital space. In addition to Ripple, the Digital Pound Foundation includes Accenture, CGI group and cryptoprojects Avalnche, Electroneum and Quant.

excited to be a founding member of @DigitalPoundFDN to support the design and implementation of a digital, with @SS_Friedman, our Head of Policy, joining the board. Publication from community cryptodefix. https://t.co/jPtV2apFls
— Ripple (@Ripple) October 14, 2021

Former Barclys Bank vice president Jeremy Wilson was named head of the nonprofit organization. In a press release, the Digital Pound Foundation notes that CBDC will help the UK secure its position in the digital world.