The Central Bank of Russia has announced the launch of the digital ruble in July 2025. This news has sparked great interest, as the digital currency is expected to significantly improve cross-border transactions and modernize Russia's financial system.
Furthermore, according to recent reports, the Central Bank of Russia is considering using XRP, a popular digital asset, for its international payment infrastructure. XRP is gaining attention for its ability to instantly conduct international transactions with minimal costs, aligning with the Russian Central Bank's goals of enhancing efficiency and security.
A study conducted by the Novosibirsk Innovation Laboratory of the Bank of Russia revealed that Ripple’s XRP-based platform could serve as the foundation for a system of international settlements, providing cryptographic protection, seamless account reconciliation, and fast currency exchanges.
Thus, the use of XRP may help Russia circumvent sanctions and create an alternative system of international payments that does not rely on traditional financial institutions, which is particularly important in the current geopolitical environment.
