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TL;DR<\/strong><\/p>\n Several X (Twitter) users have recently speculated that one of the leading European economies \u2013 France \u2013 might commit to Ripple\u2019s native token \u2013 XRP \u2013 for its digital euro. One such person is the CEO of Alpha Lions Academy, using the handle EDO FARINA.\u00a0<\/span><\/p>\n They\u00a0<\/span>reminded<\/span><\/a>\u00a0that the nation\u2019s central bank successfully used CBDC in a test environment two years ago. In addition, the financial institution has previously praised Ripple and XRP in a paper called \u201cImplementation of real-time settlement for banks using decentralized ledger technology policy and legal implementations.\u201d<\/span><\/p>\n Specifically, Banque de France outlined the coin\u2019s ability to be used as an intermediary asset to bridge any currency pair.\u00a0<\/span><\/p>\n The European Union (EU) has recently taken some vital steps towards launching a digital version of the euro: a controversial monetary product that received support from some central bankers but was also bashed by certain cryptocurrency proponents who assumed it might be used as a tool for surveillance.\u00a0<\/span><\/p>\n Earlier this week, the Governing Council of the European Central Bank (ECB)\u00a0<\/span>moved<\/span><\/a>\u00a0the project to a \u201cpreparation phase,\u201d while an official launch is expected in the following years.<\/span><\/p>\n France is not the only nation that has supposedly decided to employ Ripple\u2019s native token in its central bank digital currency (CBDC) efforts.<\/span><\/p>\n As CryptoPotato\u00a0<\/em><\/span>reported<\/span><\/a>, the Royal Monetary Authority (RMA) \u2013 Bhutan\u2019s central bank \u2013 partnered with the blockchain enterprise in 2021 to launch a digital version of its official currency, \u201cenhance digital and cross-border payments,\u201d and expand financial inclusion efforts.<\/span><\/p>\n Earlier this year, Montenegro\u2019s central bank also collaborated with Ripple to develop a strategy for its CBDC. The financial institution has also\u00a0<\/span>contemplated<\/span><\/a>\u00a0using the firm\u2019s help in introducing a stablecoin.<\/span><\/p>\n\n
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Could XRP Find a Spot in France\u2019s Future Financial Plans?<\/h2>\n
XRP\u2019s Involvement in Other CBDCs<\/span><\/h2>\n
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