This statement negates the backdrop of a previously reported development from Russia’s central banking authority that included references to Ripple’s cross-border payment infrastructure.
Russian Central Bank’s Reference to Ripple in Official Publication
Farina’s remark builds upon earlier public disclosures made by the Central Bank of Russia in a publication titled “Digitalization of Payments and Implementation of Innovations in the Payment Market”.
As covered by BitcoinLinux, that document includes a detailed explanation of Ripple’s distributed ledger technology (DLT)-based payment system, outlining its operational mechanics in cross-border transfers. Ripple’s model, which facilitates tokenized money movement and conversion into local currencies, is highlighted in the Russian report as part of the country’s exploration into digital financial tools.
The reference to Ripple in the official document led analysts and observers to examine the possibility that Russia could, at some point, utilize XRP—the digital asset native to the XRP Ledger (XRPL) and employed by Ripple to facilitate international liquidity in cross-border transactions.
Farina’s tweet added a new layer to those assumptions by suggesting that the Central Bank of Russia may already hold XRP and has not yet made it public.
Community Concerns Over Potential Political Fallout
Community reactions to Farina’s tweet included concerns about the reputational implications of such a scenario. A user identified as TheRightWabbit replied: “That would be some terrible PR for XRP Edo. Everyone would claim it’s a criminal haven token and it’d drop to $1. Let’s hope they’re not the first to announce they’re using it. SWIFT, BRICS, FED sure, just not Putin otherwise they’ll scream ‘sanction dodging criminal token’ lol.”
This sentiment echoes broader fears within the community that any perceived association between XRP and a sanctioned nation-state could be exploited by opponents to delegitimize the asset or undermine its utility on a global scale.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Speculation vs. Official Confirmation
Earlier interpretations of the Russian document emphasized that while Ripple and XRP are mentioned explicitly, alongside components such as automated market makers (AMMs), price oracles, and Ripple’s discontinued smart contract platform, Codius, the report stops short of confirming any active integration of XRP into Russia’s financial operations. As pointed out by another X user, Janus the Watcher, the central bank’s acknowledgment of these tools does not equate to immediate or guaranteed implementation.
Nonetheless, Farina’s tweet elevates the hypothesis that XRP could be privately held or potentially trialed by a sovereign financial authority. This would have implications not only for Ripple’s positioning in the digital asset industry but also for the broader geopolitical dimensions of blockchain adoption.
Until further evidence surfaces, Farina’s tweet remains an assertion. However, in the evolving relationship between decentralized finance and state institutions, such remarks is to amplify interest in which digital assets may be quietly gaining traction at the institutional level.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent BitcoinLinux’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. BitcoinLinux is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
The post Expert Says Buy XRP Before Central Bank of Russia’s Announcement appeared first on BitcoinLinux.
