CandleFocus Russia’s Central Bank Report Spotlights Ripple Potential Despite SEC Appeal
2024-10-18
Author: Content Editor
The Central Bank of Russia has recognized Ripple's potential for cross-border payments in a report on the digitalization of payments and implementation of innovations in the payment market. The report acknowledges Ripple as an emerging player in global finance, with XRP at the core of its operations. However, it should be noted that the report only highlights Ripple's potential and does not indicate whether Russia or any BRICS nation plans to use Ripple's technology or XRP. The Securities and Exchange Commission's (SEC) deadline to submit Form C for its appeal against Ripple remains uncertain, with different opinions on when the deadline actually is. XRP's price has experienced volatility following these events, and the outcome of the SEC's appeal could have an impact on the price and sentiment towards the altcoin.
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