Ripple gains more institutional influence by developing digital euro

At Paris Blockchain Week, Ripple announced it is cooperating with French banks on creating infrastructure for the digital euro. Company representatives said the crypto platform is working closely with European institutions on technology for central bank digital currencies (CBDC).

CoinMarketCap says Ripple is evolving from developing traditional blockchain solutions into building major components of financial infrastructure. The company is entering the “phase two” of its growth, which includes institutional integration.

The news triggered an active response from XRP supporters. While some saw it as confirming the company’s maturity, others considered it a shift away from the original ideas of decentralization. However, Ripple is strengthening its position as a tech partner for the traditional financial institutions. As investor attention shifts from price speculation to practical utility, XRP's role in the global financial ecosystem is becoming increasingly important, CoinMarketCap highlights.