Ripple begins seeking developers for digital currency solutions

Ripple begins seeking developers for digital currency solutions

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Author: Robert Strickland
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Ripple begins seeking developers for digital currency solutions
The company continues to promote XRP Ledger blockchain as the basis for digital national currencies, agreeing to launch a pilot project in Montenegro

Ripple Labs has launched a search for blockchain engineers to develop central bank digital currencies (CBDC) solutions. The company has opened a vacancy for an employee to create software products that will meet the requirements of monetary regulators in different countries.

The Ripple protocol was written by Canadian programmer Ryan Fugger in 2004, even before the emergence of BTC. In 2012, the development of a payment system called the Ripple Transaction Protocol (RTXP) began based on this platform. It provided an instant and direct transfer of money between two parties with low transaction fees.

In 2013, the company was named Ripple Labs and made its first agreement with a bank from Munich, and later the company's technology was tested by major global banks such as HSBC and Mitsubishi UFJ Financial Group.

In September 2021, Ripple partnered with Bhutan to launch a national cryptocurrency. The Royal Bhutan Monetary Authority planned this way to increase financial accessibility for a population of 800,000 people, many of whom did not have access to a savings account or credit card.

In mid-January of this year, at the Crypto Summit 2023, Ripple CEO Brad Garlinghouse chatted with Montenegrin Prime Minister Dritan Abazovic. He wrote in his Twitter account (the social network is blocked in Russia) that the meeting discussed blockchain technologies and the development of the payment infrastructure. After the event, Abazovich announced that the country's central bank had entered into a partnership with Ripple to launch a CBDC pilot project.

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