CBDCs Unlock Endless Fiscal Policy Options | Ripple

Ripple believes that governments should enable CBDCs to their fullest capabilities to support their constituents and unleash the next wave of financial inclusion and innovation.

Proponents of central bank digital currencies (CBDCs) often point to the additional fiscal policy options that CBDCs enable such as efficient stimulus payment delivery. The COVID-19 pandemic highlighted this weakness in the U.S. financial system when the government struggled to deliver CARES Act payments quickly to those in need. As a result, the banked population with higher incomes quickly received their stimulus payments, while the unbanked and underbanked population—those in the most need of financial relief—were at the end of the line.