Forget Ripple Vs. SWIFT, BRICS Nations Are Building On XRP Ledger With Their ...
Ripple’s role in global finance is drawing new attention after Versan Aljarrah of Black Swan Capitalist revealed that central banks in BRICS nations have been building on the XRP Ledger. The findings suggest that the ledger is not an afterthought but a serious option in the bloc’s plans for cross-border payments. BRICS Central Banks Quietly […]
Related News
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International Monetary Fund’s (IMF) Special Drawing Rights (SDRs) currency.
Vladimir Putin Reveals the Creation of a New International Reserve Currency at the 14th BRICS Summit — Turkey, Egypt, and Saudi Arabia Consider Joining....
Russia’s pivot towards stablecoins comes against the backdrop of its chairmanship of the BRICS group (Brazil, Russia, India, China, and South Africa). The BRICS nations have previously discussed the creation of a digital currency-based payment system, the BRICS Bridge, to reduce reliance on the US dollar-dominated global financial system. Related Reading: Bitcoin Sideways Amid Fed […]
In an appearance on CNBC’s “Squawk Box,” Matthew Sigel, Head of Digital Assets Research at investment firm VanEck, forecasted a significant shift in global trade dynamics with the potential adoption of Bitcoin by BRICS nations. Sigel’s insights come amid growing fiscal policy concerns in the United States and increasing efforts by emerging economies to circumvent […]
A fresh round of XRP speculation is building around an old question: what happens if SWIFT’s modernization push ends up intersecting with infrastructure built for blockchain-based settlement? In a post on X on March 10, DropCoin developer Bird argued that the market may be underestimating how ISO 20022, tokenization, and shared-ledger infrastructure could eventually strengthen the case for the XRP Ledger in institutional finance. Bird’s core point is not that SWIFT is about to replace its own network with XRP or the XRP Ledger. It is that the direction of travel across global payments....
Ripple từ lâu đã bày tỏ tham vọng thách thức và cuối cùng thay thế SWIFT như nền tảng cốt lõi của các khoản thanh toán xuyên biên giới toàn cầu. CEO Brad Garlinghouse của Ripple đã công khai chỉ trích sự kém hiệu quả của SWIFT và nhấn mạnh rằng công ty đặt mục […]