# Digital assets are increasing in importance as the world moves closer to Web 3.0. 

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Last modified: 2022-06-30

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By Paul Ebeling · 2022-06-30
Tags: Shayne Heffernan on Investments, Luxury, Lifestyle, digital, Paul Ebeling, currencies, Crypto, Education, crypto, ripple, Ripple, Knightsbridge Insights, Living, Featured, CBCD, web3
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #digital #currencies #ripple #CBCD #web3 

$XRPL

*"Ripple is launching an innovation challenge aiming to promote the development of XRP Ledger apps for central bank digital currencies"*--Paul Ebeling

The contest page says that entrants can submit projects to 3 categories: interoperability, retail-facing, and financial inclusion. 

Entrants submitting retail-facing projects should aim to develop interfaces for humans to interact with CBDCs in a *“hip and fashionable way.”*

*“Access to financial institutions for underbanked and unbanked individuals has been a pain point for many in developing nations.*

The Big Qs: *Can a CBDC be utilized in an offline environment? How easy will a CBDC be to use for users? How can a CBDC be integrated into different existing financial systems?*

The Big A: Financial inclusion projects should aim to bring banking services to underserved populations and* “enable spending power from traditionally marginalized communities.”*

The competition includes $47,000 in prices, and winners receive invites to* “Ripple’s Winners Only Event,*” which has $150,000 in prizes. The deadline for submissions is August 25th.

Price [Action](http://crypto.livetradingnews.com/en)

Have a prosperous holiday weekend, Keep the Faith!

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