Ex-Ripple Executive Hints at Private Versions of XRP Ledger for CBDCs

The well-known lawsuit between the SEC and Ripple has been ongoing for over two years. The potential for long-term price growth of XRP was hampered by the SEC’s charge against Ripple for allegedly promoting XRP as a security.

Despite all of this, the XRP team continues to grow with its developments. Matt Hamilton, the former principal developer advocate at Ripple, recently took to Twitter to address whether Ripple is working on any private ledgers.

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Hamilton says Ripple is working on private versions of XRP Ledger

In response to another XRP community member on Twitter, Hamilton stated that Ripple is working on deploying private versions of the XRP Ledger code for central bank digital currencies (CBDCs).

“As far as I know, they are not live yet (the federation code is still being worked on). But again, regardless, the only place XRP actually exists is on the XRP Ledger.”

XRP is trading at $0.372 at press time, with a 1% drop in value over the last 24 hours, according to CoinMarketCap.

Source: CoinMarketCap

The 24-hour trading volume has also dropped by 14.88%, with a 1% drop in market cap over the last 24 hours. The whole cryptocurrency market, including Ripple, is still under the scrutiny of the Silvergate Bank situation.