Crypto analyst Xaif highlighted a significant development in the Malaysian central bank’s document, which acknowledged Bitcoin and XRP as potential substitutes for cash and traditional bank deposits. This recognition marks a notable step toward integrating digital assets like XRP into the payment system. 🚨The Bank Negara Malaysia has named both #Bitcoin and #XRP as viable alternatives to traditional money, potentially replacing cash in circulation or serving as central bank-issued digital currencies in the future. The document explores the potential use of decentralized tokens such as cryptocurrencies that could be used for payments outside traditional banking structures. Notably, the inclusion of XRP highlights its growing importance in discussions about digital assets within the financial sector.