9 months ago

Unlisted Project Meridian, the BIS, BoE partnered with Ripple? England is Ready!
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The central bank of England is currently adopting a progressive approach by conducting tests on various technological innovations such as Ripple, ILP (Interledger Protocol), XRP (Ripple's native digital asset), and project meridian. This decision highlights the bank's recognition of the potential benefits and advancements offered by these technologies. The implementation of ILP in land registries by the Hong Kong Monetary Authority and countries like Ecuador serves as precedent for the central bank's decision. These successful implementations have demonstrated the reliability and efficiency of ILP in maintaining land registries, encouraging the central bank of England to explore its applications further. By testing Ripple and XRP alongside ILP, the bank aims to assess their compatibility and integration possibilities within its financial infrastructure. This approach showcases the bank's commitment to innovation and their proactive approach in embracing emerging technologies to modernize and streamline their operations further.

It looks the BIS, BOE, and RIpple are up to synchronizing ledgers using ILP!

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