US NATIONAL DEBT HAS BEEN WIPED OUT TO ZERO!!!
Breaking news on June 6, 2024, reveals that the US national debt has been wiped out to zero, as shown on the US Debt Clock. Maero tweeted about this monumental event, sparking a wave of excitement and disbelief. Stay tuned…
Read more:
https://amg-news.com/breaking-news-us-debt-clock-hits-zero-glitch-or-prelude-to-a-gesara-financial-revolution/
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BREAKING NEWS | Putin Confirms BRICS Payment System with XRP Considered As Bridge Currency
June 9, 2024
Breaking news: The BRICS economic bloc (Brazil, Russia, India, China, and South Africa) considers Ripple’s XRP as a bridge currency for a new independent payment system. Discover the implications for global finance, XRP’s value, and the future of international transactions. Read more for an in-depth analysis and expert predictions.
In a bold move that could reshape the global financial landscape, the BRICS economic bloc (Brazil, Russia, India, China, and South Africa) is laying the groundwork for an independent financial infrastructure. This audacious step includes the potential creation of a new payment network designed to facilitate cross-border transactions among its member states, with Ripple’s XRP emerging as a prime candidate for the bridge currency.
Russia Confirms BRICS Payment System Plans
The world watches in anticipation as the BRICS nations—an economic powerhouse collective—take significant strides toward financial independence. Recently, an XRP enthusiast named Amelia shared a groundbreaking research paper, bolstered by a revealing clip from Russian President Vladimir Putin. This paper indicates that the BRICS countries are seriously considering an alternative currency system, with Ripple’s XRP at the forefront of this revolutionary initiative.
The consideration of XRP as a bridge currency is not entirely unexpected. The Bank of Russia had previously embarked on a project to explore cross-border transfers, with Ripple’s payment network reportedly in the running to form the foundation of this ambitious project.
The research paper asserts:
“Based on the research results, it was concluded that the Ripple platform can be considered as the basis for starting work on creating a system of cross-border settlements, provided that the following organizational, legal, and technical issues are resolved.”
Key aspects of incorporating XRP include:
Utilizing XRP for transfers or equivalents of fiat currencies issued by each BRICS participant.
Developing a method for determining cross rates for Ripple’s internal currency—XRP—if chosen for interstate settlements.
With its renowned transaction speed and cost-effectiveness, XRP is a promising solution for the BRICS bloc’s vision of revolutionizing international payments.
Potential Benefits of XRP for BRICS
Analysts are buzzing with the potential implications of XRP’s adoption by the BRICS nations. Crypto expert Robert Doyle, also known as Crypto Sensei, has made an eye-popping prediction: if BRICS fully integrates XRP, its value could skyrocket to $10,000 per token.
The BRICS nations stand to gain substantial benefits from choosing XRP over the US dollar for international transactions. This shift could enhance financial sovereignty and reduce dependence on traditional Western financial systems.
Moreover, Ripple’s expanding network of partnerships with established financial institutions could provide the BRICS nations with a robust foundation to support their independent financial system. XRP’s growing recognition and potential make it an attractive candidate for this monumental shift.
XRP’s Growing Recognition and Potential ETF
Ripple’s increasing institutional partnerships underscore XRP’s expanding use cases and its rising prominence on the global stage. In recent months, XRP’s value has experienced a notable uptick, particularly following a pivotal court ruling in July 2023. Judge Analisa Torres clarified that XRP is not classified as a security under US law, a decision that has paved the way for broader financial applications.
The recent approval of spot Bitcoin and Ethereum ETFs by the US Securities and Exchange Commission (SEC) has sparked speculation about the possibility of an XRP ETF. Ripple CEO Brad Garlinghouse expressed optimism in a recent interview, suggesting that the approval of Ethereum ETFs sets a favorable precedent for an XRP ETF.
Ripple President Monica Long has also voiced strong support for XRP ETFs, emphasizing the current regulatory clarity surrounding XRP in the US as a crucial factor. The potential for an XRP ETF adds another layer of excitement and possibility to this unfolding financial narrative.
Read more:
https://amg-news.com/breaking-news-putin-confirms-brics-payment-system-with-xrp-considered-as-bridge-currency/
