State Bank of Pakistan praises Ripple and XRP!

The post State Bank of Pakistan praises Ripple and XRP! appeared first on Coinpedia Fintech News

The State Bank of Pakistan has praised Ripple and its digital currency XRP as “encouraging work” in a report on “Payment System Operators” in the country. The government body recognizes the potential of blockchain technology and its use in cross-border payments to enhance the efficiency of traditional payment systems. The report mentions Ripple’s unique distributed ledger technology, which has already been adopted by some international banks, including Santander and Standard Chartered. The State Bank of Pakistan believes that Ripple’s innovative approach could revolutionize the financial industry and improve access to financial services worldwide. This endorsement is a positive signal for Ripple and XRP.