Russian Central Bank’s Ripple Highlight Adds to XRP’s Bullish Sentiment

  • Russia’s Central Bank has highlighted Ripple’s significance in cross-border payments.

  • Ripple is an emerging player in global finance.

  • Russian Central Bank’s highlight and the SEC’s actions ignite XRP’s volatility.

Russia’s Central Bank has recognized Ripple’s potential for cross-border payments amidst ongoing uncertainty about the SEC’s appeal in its case against Ripple. In a report titled “Digitalization of Payments and Implementation of Innovations in the Payment Market (2024),” the Central Bank of Russia acknowledged Ripple as an emerging player in global finance.

Alpha Lions Academy CEO Edo Farina highlighted the central bank’s update and emphasized XRP’s role in Ripple’s operations. According to Farina, the report positions XRP at the core of Ripple’s activities.

BREAKING: 🚨 The Central Bank of Russia 🇷🇺 has published a paper titled "Digitalization of Payments and Implementation of Innovations in the Payment Market (2024)" highlighting Ripple's system for cross-border payments, with $XRP at its core. pic.twitter.com/u07ew1PRBk

— EDO FARINA 🅧 XRP (@edward_farina) October 15, 2024

Farina included a diagram of how Ripple handles cross-border …

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