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IMF Recognizes XRP as Option to Enhance Cross-Border Payments

The International Monetary Fund (IMF) has recognized XRP as an option for enhancing cross-border payments in a document titled "Trust Bridges and Money Flows." The paper highlights the challenges faced with cross-border payments and possible solutions for addressing them, including the use of swap lines, tokenized money, and a transnational marketplace.

The paper also suggests further consideration of XRP as a possible solution, given its low fees and swift transaction time. Ripple has already leveraged XRP for its On-Demand Liquidity (ODL) service, and HSBC has also called attention to the XRP Ledger's capabilities in cross-border payments.

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    Why is XRP price up today?

    Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
    Why is XRP price up today?

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