France Considers XRP Ledger as a Basis for a Digital Euro
Date: 2025-05-30 Author: Henry Casey Categories: CRYPTO PAYMENTS
France is seriously considering the possibility of launching a digital euro based on XRP Ledger technology. This became known thanks to a report from CPA Australia, which was obtained by the law firm Piper Alderman. The document emphasizes that the French authorities and financial institutions are discussing XRP as a possible platform for issuing a central digital currency for the European Union.
One of the key reasons for this choice is the peculiarities of the XRP network architecture. Unlike decentralized blockchains like Bitcoin and Ethereum, where transactions are confirmed by any network participant, XRP Ledger uses only certain trusted nodes. This ensures a high level of control, which is especially important for government agencies developing CBDC.
In addition to the possibility of control, XRPL compares favorably with competitors in terms of transaction speed and low fees. At the moment, the average cost of a transfer in the XRP network is only $0.0018. For comparison: in Bitcoin it reaches $1.6, and in Ethereum - $1.3. As for the confirmation speed, in XRP transactions are processed in 3-5 seconds, while in other popular networks this process can take several minutes.
Additional attention to XRP is also caused by the security provisions offered by this blockchain. High speed, reliability and centralized structure make it an ideal basis for a state digital currency that can be controlled and scaled within the European Union.
In this context, the recent statement by Denis Bo, First Deputy Governor of the Bank of France, is of particular interest. He said that the Eurosystem plans a large-scale launch of the digital euro by the beginning of 2026. Currently, the European Central Bank is conducting a preparatory phase, including testing the relevant software.
Thus, the choice of XRP as the technical basis for a CBDC in Europe is becoming increasingly likely. France, having a significant voice in EU financial policy, can play a key role in the final decision.
