BRICS Nations Mull Blockchain Payments, XRP Floated as Option
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- Vladimir Putin confirmed BRICS is working to develop an independent payment system.
- The group will most likely use XRP for cross-border payments.
- Analysts think XRP could rally to $10,000 if the group archives its plan.
Russian President Vladimir Putin confirmed that the BRICS group is developing an independent payment system to reduce reliance on existing systems. A document from the Russian Central Bank suggests the group may consider using XRP for cross-border transactions.
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) June 7, 2024
BRICS NEWS:
Russian President Putin confirms BRICS is developing its own independent payment system!
And according to a document about the Central of Bank of Russia they will most likely use #XRP for cross-border payments!
BRICSXRP pic.twitter.com/ecEKIz3IF5
Putin emphasized the BRICS nations’ goal of creating a payment system free from political influence and external control. He noted the group’s expansion in 2024 with the addition of Saudi Arabia, Iran, the UAE, Egypt, and Ethiopia. Putin also highlighted the significant growth in the BRICS’ combined global GDP after these additions, pushing it to 36%. He also expresse…
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