CPA Australia, a professional accounting association based in Australia with more than 166,000 members in 150 countries around the world, recently released a report revealing that the French central bank has openly discussed Ripple and XRP as a possible platform for the digital euro.The company states in the report that the world is entering a period of rapid technological change caused by the COVID-19 pandemic. The crisis has led to the widespread use of digital and contactless payment systems and the development of central bank digital currencies. The report is intended to provide an overview of innovations in digital currency from central banks.Will The Ripple Network Be Used For A Digital Euro?The report examines the relationship between Bitcoin, Ethereum, Ripple and stablecoins for CBDCs (central bank digital currencies). While Bitcoin is described by CPA as an overly volatile medium for exchange and storage of value, the report describes Ethereum as a fully decentralized blockchain-based software platform beyond any state control. The report also notes that the Reserve Bank of Australia has issued a statement that it is considering running a CBDC program on the Ethereum network.In the section entitled \u201cXRP \u2014 Ripple\u2019s Digital Token\u201d, CPA Australia refers to \u201cRipple\u201d as an alternative platform to Ethereum on which a central bank\u2019s digital currency can run.\u201cRipple\u201d is an alternative platform to Ethereum. The XRP token is used to facilitate payments. Ripple has its own proprietary technology \u2014 the Ripple Protocol consensus algorithm (RPCA) \u2014 to verify transactions.Ripple is trusted by many banks as a model for the CBDCs because it is highly centralized and based on an authorized network where only certain network nodes can validate transactions, unlike decentralized networks like Bitcoin and Ethereum. Ripple also enables the creation of new currencies and Ripple developers can control the timing and quantity of\u2026<\/p>","protected":false},"excerpt":{"rendered":"
\u0623\u0635\u062f\u0631\u062a CPA Australia \u060c \u0648\u0647\u064a \u062c\u0645\u0639\u064a\u0629 \u0645\u062d\u0627\u0633\u0628\u064a\u0629 \u0645\u0647\u0646\u064a\u0629 \u0645\u0642\u0631\u0647\u0627 \u0623\u0633\u062a\u0631\u0627\u0644\u064a\u0627 \u062a\u0636\u0645 \u0623\u0643\u062b\u0631 \u0645\u0646 166000 \u0639\u0636\u0648 \u0641\u064a 150 \u062f\u0648\u0644\u0629 \u062d\u0648\u0644 \u0627\u0644\u0639\u0627\u0644\u0645 \u060c \u0645\u0624\u062e\u0631\u064b\u0627 \u062a\u0642\u0631\u064a\u0631\u064b\u0627 \u064a\u0643\u0634\u0641 \u0639\u0646 \u0623\u0646 [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/3858"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=3858"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/3858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=3858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=3858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=3858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}