Ripple's Head of Policy Advocates for CBDC Adoption in the UK
TL;DR Ripple’s head of policy, Susan Friedman, recently discussed London’s potential as a crypto hub in an interview with the Digital Pound Foundation. Friedman praised London regulators for their “overlooking approach” towards fintech and CBDCs, noting that Ripple is expanding its presence in London. She also highlighted the comparable security and protections provided by CBDCs, while addressing unique domestic challenges.
Ripple’s Head of Policy, Susan Friedman, discussed London’s potential as a crypto hub.
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.”
Susan Friedman (@ss_friedman), Head of Policy at @Ripple, talks about their activities in the #UK and why #London is the perfect environment to help foster a healthy and vibrant ecosystem for #digitalcurrencies. Watch the full interview here 👉 https://t.co/5Z6ZeRC56T pic.twitter.com/cRHUFZH7iU — Digital Pound Foundation (@digitalpoundfdn) July 6, 2023
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.
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.