Susan Friedman, Head of Policy at Ripple, highlighted London’s potential as a central hub for the growing digital currency ecosystem
In a recent interview With the Digital Pound Foundation, Susan Friedman, Head of Policy at Ripple, explained the company’s vision for London as a booming hub for digital currencies.
She expressed enthusiasm for the UK government’s forward-thinking approach to fintech, particularly central bank digital currencies (CBDCs), epitomized by the Bank of England’s commitment to the initiative. digital book. Friedman highlighted Ripple’s growing presence in London, acknowledging the city’s dynamic environment conducive to crypto growth.
Friedman provided an overview of the prospects for CBDCs globally, identifying them as a natural evolution of the exchange of value in our increasingly globalized world.
She suggested that CBDCs could offer the same protections as traditional fiat currencies while better addressing specific national challenges. The implementation of a global strategy would be essential for these digital currencies to interact effectively with global markets and adapt to future requirements.
Regarding the broader implications of digital currencies, Friedman highlighted their potential to encourage financial inclusion, improve direct person-to-person payments, improve the efficiency of payment infrastructure, foster innovation and potentially reduce environmental impact. She also recognized the challenges central banks face in maintaining financial stability and control of their monetary systems while encouraging these initiatives.
As one of the founding members of the Digital Pound Foundation, Ripple sees the benefits of the foundation’s collective approach to tackling the complexities of digital currency. The foundation facilitates dialogue and collaboration between different stakeholders, from discussing policy proposals to exploring real-world applications of a digital pound.
