digital Ngultrum

Research

Bhutan

Central Bank(s)

Royal Monetary Authority

Announcement Year

2021

Status

Research

Retail/Wholesale

Retail, Wholesale

Technology Provider

Ripple

Technology

XRP Ledger

Main motivation/goals of the CBDC

To accelerate its mission to increase financial inclusion in Bhutan to 85% by 2023.

Description

Bhutan collaborated with Ripple to test the potential of CBDCs to provide an alternative and sustainable digital payment instrument.

Link to announcement

Timeline

Last update: October 2023

Updated data

Link to announcement: www.linkedin.com

Status updated

None Research

Added data

Announcement Year: 2021

Retail/Wholesale: Retail, Wholesale

Technology Provider: Ripple

Technology: XRP Ledger

Description: Bhutan collaborated with Ripple to test the potential of CBDCs to provide an alternative and sustainable digital payment instrument.

Main motivation/goals of the CBDC: To accelerate its mission to increase financial inclusion in Bhutan to 85% by 2023.

Link to announcement: ripple.com

Country / Region: Bhutan

Central Bank(s): Royal Monetary Authority

News

No recent news found for this currency.