The Federal Bank of India is considering using XRP for international transactions, which could open up access to trillions of dollars for the country. Recently, India and the United Arab Emirates completed the first crude oil transaction using Ripple (XRP) cryptocurrency without using USD. This not only helps to reduce the risk of exchange rate fluctuations but also forms a new transaction model, making it easier for participating countries.
The adoption of blockchain technology, along with XRP, can help increase transparency and security in transactions, while reducing the cost of international transactions. XRP is capable of processing thousands of transactions per second, which will effectively support large-scale trading activities and can help expand the market.
In addition, through the tokenization system, XRP is also expected to create new investment opportunities in traditional sectors, such as real estate and infrastructure, contributing to India's economic growth in the coming time.
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