Russia’s Central Bank has highlighted Ripple and XRP for cross-border payments, indicating Ripple's increasing role in global financial systems.
The report titled 'Digitalization of Payments and Implementation of Innovations in the Payment Market (2024)' emphasizes Ripple's prominence in global financial systems.
While there is no confirmation of XRP adoption, the recognition by the Central Bank of Russia signifies Ripple's potential influence in international markets.
Ripple's technology offers advantages such as cost savings and faster processing times, positioning Ripple to lead in the digital payments space.