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James Wallis, VP of Central Bank Engagements for Ripple, has been emphasizing the role of Central Bank Digital Currencies (CBDCs) in promoting financial inclusion. He believes that CBDCs can provide cost-effective financial services, particularly for those with low income. This perspective has drawn attention to the potential impact of CBDCs on global financial inclusion, with a focus on underserved communities, including black communities.
NEW: VP of Central Bank Engagements for Ripple says CBDCs are a way to create more “financial inclusion” for “people with a very low income” 👀😮 https://t.co/TFO5PDC23U
Financial inclusion (a form of DEI) is one way "they" will sell the public on a CBDC, partly targeting black communities. Here's James Wallis, VP of Central Bank Engagements for Ripple, on CBDC Financial Inclusion. https://t.co/7fZZWkVFlG
Ripple's James Wallis highlights the crucial role of CBDCs in global financial inclusion. https://t.co/8573XGDfzV
According to James Wallis, CBDCs will emerge as a cost-effective solution by facilitating financial services at a notably lower cost compared to traditional methods https://t.co/H3rNxB83pI
James Wallis of Ripple spotlights CBDCs as catalysts for financial inclusion. https://t.co/8573XGDNpt