- In a letter sent to Thai authorities, Ripple acknowledged Thailand’s possible adoption of XRP.
- Ripple commends Bank of Thailand for its leadership in CBDC Research and offers to support it.
Armando Pantoja recently became a prominent member in the crypto community. highlighted Ripple’s incredible growth initiatives. Pantoja highlights the possibility of Thailand using XRP, citing a Ripple’s letter. Pantoja said BRICS Countries are becoming more interested in the XRP.
🚨 Breaking : Thailand 🇹🇭 is the latest country in talks with @Ripple What you need to know about adoption $XRP You have just joined #BRICS.
What does it look like? #BRICS The nations is all about. #XRP 👇🏽 pic.twitter.com/OAPFhVdvux
— Armando Pantoja (@_TallGuyTycoon) June 22, 2024
Thailand’s Partnership with Ripple
Pantoja’s disclosures included Ripple’s correspondence to Thai officials. Thailand has been the most recent nation to engage in talks. Ripple In the letter, it is stated that XRP adoption has been a priority. Pantoja suggests a geopolitical connection between XRP and Thailand’s bid to become BRICS.
The Ripple published a letter in which it thanked readers for their input into a Bank of Thailand Discussion Paper titled “The Way Forward for Retail Central Bank Digital Currency in Thailand.”
Ripple congratulates this paper for its comprehensive investigation and analysis on Central Bank Digital Currency in Thailand. This comprehensive report highlights the efforts made by Thailand to study and possibly implement a CBDC for retail.
Ripple thanked and emphasized public-private partnerships. Bank of Thailand For its leadership position in the CBDC sector.
In the letter, Ripple stated that it was happy to assist the Bank of Thailand in planning the creation of a CBDC for retail. Ripple is pursuing a larger strategy to create solid partnerships. financial Institutions and central banks around the globe.
XRP has been trading at about $0.4736Down 3.02% CoinMarketCap shows that XRP has fallen by about 5% in the last day. In the past week, XRP’s trend has been bearish. 3.13%. This market dynamic will help you to determine the mood of the current XRP users as Ripple grows.
Tech giants such as Amazon and FacebookCNF’s previous publications have highlighted Ripple’s ability to become a billion dollar company.
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