Ripple’s Head of Policy Advocates for CBDC Adoption in the UK

• Ripple’s Head of Policy, Susan Friedman, discussed London’s potential as a crypto hub.
• Ripple’s dedication to London aligns with its positive outlook on the potential of CBDCs.
• Friedman highlighted the comparable security and protections of CBDCs, addressing unique challenges.

In a recent interview with the Digital Pound Foundation, a British central bank digital currency (CBDC) advocacy group, Ripple’s head of policy, Susan Friedman, discussed London’s potential to become a crypto hub. Friedman, who chairs the foundation’s board of directors, also shared that Ripple is focusing on encouraging the “development of responsible ecosystems for crypto assets.”

Friedman highlighted that Ripple is impressed by London regulators’ “overlooking approach” towards fintech and CBDCs. She also praised the Bank of England’s efforts with the Digital Pound initiative.

In her discussion, Friedman advocated for central bank digital currencies (CBDCs) as a natural progression from fiat, well-suited to the needs of the increasingly interconnected modern era. She emphasized their ability to provide comparable security and protections to conventional fiat currencies, while also effectively addressing unique domestic challenges.

CBDCs possess the potential to transform financial transactions, promote transparency, and bolster economic efficiency. To fully harness this potential, Friedman underscored the importance of developing comprehensive strategies that facilitate the smooth integration of these digital currencies into global markets and enable adaptation to future needs.

The policy head described London as a “dynamic environment” for crypto. Additionally, remarking on Ripple’s growing influence in the city.

Ripple has an office in London. We’re growing our footprint.

As the chairman of the board of directors of the Digital Pound Foundation, Friedman appreciates the UK’s forward-thinking approach towards digital currencies. Her praise of London as a prominent hub for digital currencies accords with Ripple’s positive perspective on the potential of CBDCs.