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  •   over 2 years ago

Which features of XRPL will support CBDCs?

Our use-case is for escrow yet I see in the documentation that XRPL Escrow only supports XRP and not other types of token.
If we're using an XRPL feature that does not currently support CBDCs will this affect our ability to be qualify for Phase II? We've still time to pivot if we're informed it will affect our submission.

  • 2 comments

  • Manager   •   over 2 years ago

    Hi Nathan,

    I have just followed up with the Ripple Team and will get back to you with an answer shortly. Thanks for your interest in Ripple CBDC Innovate!

  • Manager   •   over 2 years ago

    Here is a link describing how we are currently issuing on the XRPL (https://xrpl.org/trust-lines-and-issuing.html). For context, our apps use trustlines to maintain balances between accounts that use arbitrary currencies codes (ex: you can have balances of things like USD, EUR, etc).
    The escrow feature only works with XRP and not with any currency on a trustline. This means the money that gets moved around in our apps is not something we could use the escrow feature with.

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