ECB Launches Digital Euro Pilot with XRP & WhiteNetwork
Meta Description: The ECB starts its Digital Euro pilot using XRP Ledger and WhiteNetwork. Over 500 institutions join the 12-month CBDC program.
- ECB selects XRP Ledger and WhiteNetwork for CBDC testing.
- 500+ EU institutions involved in real-time cross-border trials.
- $WHITE surges 350% amid Digital Euro pilot news.
In a major development for the crypto and financial sectors, the European Central Bank (ECB) has officially kicked off its pilot program for the Digital Euro. What’s turning heads is the ECB’s selection of two blockchain platforms to power this ambitious project: XRP Ledger and WhiteNetwork by WhiteRock.
This marks a pivotal moment in the journey toward regulated Central Bank Digital Currencies (CBDCs) in Europe. The pilot will run for 12 months and include participation from over 500 financial institutions, testing features like real-time cross-border payments, full regulatory compliance, and seamless digital currency integration.
A Milestone for Blockchain Adoption in Europe
By integrating XRP Ledger and WhiteNetwork, the ECB is signaling a strong commitment to using decentralized technologies for public financial infrastructure. XRP’s history of efficient, low-cost cross-border transactions makes it a natural fit. Meanwhile, WhiteNetwork is gaining recognition as a powerful secondary platform, chosen to complement XRP’s capabilities and ensure system resilience.
The pilot will simulate real-world scenarios, exploring how a Digital Euro could function across different banks and jurisdictions. It is designed to meet strict EU regulatory standards, making this one of the most comprehensive CBDC trials globally.
$WHITE Token Soars Amid ECB News
The announcement has had a dramatic impact on the market. $WHITE, the token associated with WhiteNetwork, has already seen a 350% increase in value this week alone. With the ECB endorsement now public, many believe this is just the beginning of a larger move upward for the project.
Investors are closely watching as both $WHITE and XRP gain momentum from their involvement in the ECB pilot, potentially setting the stage for broader adoption and market recognition.
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