Colombia CBDC

Research

Colombia

Central Bank(s)

Banco de la República

Announcement Year

2023

Status

Research

Retail/Wholesale

Retail, Wholesale

Structure

Token

Technology Provider

Ripple, Peersyst Technology

Technology

XRP Ledger

DLT / non-DLT

DLT

Main motivation/goals of the CBDC

The Central bank of Colombia hopes to enhance the country's high-value payment system by benefit from leveraging distributed ledger technology. A CBDC could also improve speed and ultimately reduce costs.

Link to announcement

www.bis.org

Timeline

Last update: April 2025

April 2025

Updated data

Link to announcement: www.bis.org

July 2024

Updated data

Link to announcement: www.banrep.gov.co

August 2023

Updated data

Link to announcement: investiga.banrep.gov.co

June 2023

Status updated

None Research

Added data

Announcement Year: 2023

Retail/Wholesale: Retail, Wholesale

Structure: Token

Technology Provider: Ripple, Peersyst Technology

Technology: XRP Ledger

DLT / non-DLT: DLT

Main motivation/goals of the CBDC: The Central bank of Colombia hopes to enhance the country's high-value payment system by benefit from leveraging distributed ledger technology. A CBDC could also improve speed and ultimately reduce costs.

Link to announcement: www.theblock.co

Country / Region: Colombia

Central Bank(s): Banco de la República

News

No recent news found for this currency.