Central Bank of Pakistan Shares Its Thought on Ripple (XRP) in Its Latest Report

SBP's recognition of the role of Ripple and XRP in facilitating cross-border payments coincided with the widespread adoption of cryptocurrencies in traditional financial systems.
While SBP recognizes the potential benefits of cryptocurrencies like XRP, it remains aware of the potential risks they entail. The stance of the report reflects a balance between embracing innovation and protecting financial systems from potential threats.
The report reveals that over $11 trillion has been processed through stablecoins. This volume has even exceeded PayPal's payment volumes.
In its 2022 financial stability report, the Central Bank of Pakistan recognized the evolving importance of Ripple and the digital asset XRP in the global payments space.
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