When will the Bank of England approve payments with XRP

The Bank of England currently does not recognize XRP as an official form of payment, but has opened the door to private payment systems, including blockchain technology and distributed ledgers, that can interact with the central banking system. The Governor of the Bank of England has announced plans to reform the payment system, allowing modern private platforms to connect directly, which opens up opportunities for cryptocurrencies.

Ripple is actively seeking licenses from regulators in the UK and Ireland to become a legal cryptocurrency service provider. Ripple has made significant progress in obtaining approvals in other regions, such as from the Monetary Authority of Singapore, allowing them to provide remittance services using XRP.

Therefore, although XRP has not yet been officially approved for payments in the UK, the legal landscape is gradually becoming more open to digital technologies and assets in the future.