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Central Bank CBDC Project Announcement Being Led By *Ripple Executive*


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The whitepaper for the Australian CBDC Project has just been released a few hours ago at the time of publishing this article. This CBDC project is confirmed to be sponsored by the Reserve Bank of Australia which is Australia’s central bank.

The program director of this CBDC pilot project is a former Ripple executive, Dilip Rao. He worked at Ripple since 2014 before he left the company in 2019. Although with this latest development, we could assume he will still be championing the XRPL in his lead role in the Australia CBDC pilot project.

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