Malaysia’s central bank, Bank Negara Malaysia (BNM), has explored the potential of Bitcoin and XRP as future payment alternatives within a new digital framework. The BNM published a working paper that examines the viability of these cryptocurrencies for use outside traditional banking systems. 🇧🇳 🧠💵 The paper suggests private tokens like Bitcoin or XRP could replace conventional currencies in the future, offering an alternative solution to current financial infrastructure. However, regulatory hurdles remain before their integration into national payment systems is implemented. 🚧 Challenges such as addressing price volatility and building robust technological systems are central to achieving this goal. 💻 💰 💪 ðŸ§