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 […]
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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 […]
Ripple’s XRP Ledger and SWIFT are gaining serious attention in the cryptocurrency and financial sector following recent speculations about both parties. While SWIFT remains one of the leading payment firms in the world, rumors are that the company might be supported by XRPL infrastructure. SWIFT Might Be Integrating XRP Ledger Infrastructure SWIFT, an open global […]
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....