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Central Bank of Russia Chooses XRP: A Game-Changer for Cross-Border Payments?

  • Russia is set to launch its central bank digital currency, known as the digital ruble, in 2025.
  • The Bank of Russia has been researching and developing the digital ruble for nearly three years, with plans to roll it out to the masses next year.
  • XRP was considered as one of the platforms for the digital ruble, as revealed in a document published by the Bank of Russia in 2020.
  • For XRP, the digital ruble could work in its favor, allowing it to play a role in cross-border payments.

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