June 15 (Cointime) - Ripple is partnering with Colombia's central bank to explore blockchain technology use cases in the South American country. Banco de la República will work with the information and communications ministry to pilot use cases to enhance the country's high-value payment system using Ripple's CBDC Platform.

Joe Vollono, a director of CBDC business development at Ripple, said the company had been in talks with the Colombian central bank for over a year. The pilot is being run with Spain-based blockchain technology firm Peersyst Technology.