The Agricultural Bank of Russia is considering crypto for grain settlements to counter strict sanctions, exploring new payment avenues with Ripple’s XRP.
This shift could enhance liquidity in grain purchases, positioning Russia as a key participant in digital asset settlements, possibly increasing exports of 49.5 million tonnes.
With ongoing reliance on outdated SWIFT systems, Ripple’s XRP is noted for improving payment efficiency in cross-border transactions, aiming for faster, lower-cost solutions.
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