In a letter addressed to Thai authorities, Ripple has expressed its acknowledgment of Thailand’s potential adoption of XRP. The letter also praises the Bank of Thailand for its leadership in the research of Central Bank Digital Currency (CBDC). Armando Pantoja, a prominent figure in the cryptocurrency community, has highlighted Ripple’s growth initiatives and the possible use of XRP by Thailand. Pantoja further suggests that there is increasing interest in XRP among BRICS countries. Thailand’s engagement with Ripple is evidenced by the country’s recent talks about XRP adoption and its application to join BRICS. Ripple’s letter to Thai officials, shared by Pantoja, emphasizes the need for public-private collaborations and commends the Bank of Thailand for its efforts in investigating and potentially implementing a retail CBDC. Ripple expresses its willingness to assist the bank in the planning and creation of a retail CBDC, aligning with its goal of establishing strong partnerships with financial institutions and central banks worldwide. Currently, XRP is trading at approximately $0.4736, experiencing a 3.02% decrease in the last 24 hours and a 3.13% decline over the past week. The market dynamics surrounding XRP’s growth depend on these factors. Previous publications have highlighted Ripple’s potential to become a billion-dollar business, drawing parallels to tech giants like Amazon and Facebook.
