Ripple XRP can allow BRICS to get rid of the dollar and liquidate the gold trade

[ad_1]

  • Swift’s exclusion by Russia in 2022 stimulated alternative systems planning.
  • BRICs members seek autonomy in international settlements.
  • The speed and profitability of XRP are considered ideal for institutional use.
  • A new theory that circulates among geopolitical and cryptocurrency analysts suggests that BRICS (Brazil, Russia, India, China and South Africa) may be working between racks to develop a financial system backed by gold using the Ripple XRP LED XRP.

    This occurs while the block continues to strive to reduce the dependence of the Swift network led by the United States and the world economy dominated by the dollar.

    Although it has not been confirmed by any government, the theory is giving attention due to the growing evidence of the cooperation of the BRICs in the independence of the currency and the innovation of Blockchain.

    How US

    The global financial system is largely based on three fundamental levers of Western influence: the domain of the US dollar, the swift interbank messaging system and the liquidity framework governed by Western central banks.

    Swift allows international bank communication and has become a tool to enforce sanctions. In 2022, Russia was expelled from Swift as part of the coordinated western sanctions, which led the Kremlin to accelerate efforts to create alternative channels for cross -border payments.

    By cutting access to dollars and freezing assets in foreign hands, the United States has demonstrated the strategic power of financial infrastructure.

    The countries considered politically adversaries or non -aligned distrust more and more of this system, considering it a vulnerability rather than a neutral platform for trade.

    Why do BRICs want to get out of the dollar system?

    Each BRICs member has its own incentive to reduce exposure to the dollar. Swift’s exclusion from Russia and asset seizures have forced her to seek financial independence. China is trying to isolate its growing economy of Western financial pressure.

    India and Brazil seek to increase autonomy in international payments, while South Africa has expressed interest in strengthening regional currencies.

    This shared objective has caused renewed calls within the block in favor of a new value exchange system, one that does not depend on Western mechanisms.

    The BRICS nations have already discussed the launch of a shared currency backed by raw materials, and gold is seen as the most viable asset for such support due to its stability and global acceptance.

    XRP Ledger as a bridge for trade backed by gold

    According to the theory, Ripple’s XRP Ledger could serve as a digital bridge between local currencies and a reserve system backed by gold. XRP was designed for high volume institutional transfers, with a transaction time of 3-5 seconds and low rates.

    Unlike Bitcoin or Ethereum, XRP offers scalability and predictable costs, key to central governments and banks that process large transactions.

    In this model, the BRICS would not issue a new public token, but would use XRP’s existing infrastructure to liquidate operations. Gold could be kept in national vaults or regional repositories, and XRP would be the mechanism through which the value is transmitted quickly and safely.

    This would allow BRICS countries to avoid Swift and the dollar, while maintaining compliance and auditability through the XRP Ledger.

    Strategic signals and unconfirmed movements

    Although there is no official confirmation that the BRICs are testing or actively adopting XRP, several events have generated speculation. Russia has already proposed a stablecoin linked to gold for cross -border trade with friendly nations.

    China continues to expand its digital yuan pilot. Ripple has also been expanding its presence in Asia, the Middle East and Latin America, regions aligned with the interests of the BRICs.

    The theory is still speculative, but it has its roots in a broader tendency to deolve and in a growing interest in blockchain -based infrastructure for sovereign financial systems.

    Analysts argue that if the BRICs succeed in deploying a decentralized liquidation model and backed by assets, they could remodel the future of international finances and challenge existing power structures dominated by the West.

    [ad_2]

    https%3A%2F%2Fcoinjournal.net%2Fes%2Fnoticias%2Flos-brics-podrian-adoptar-el-xrp-de-ripple-para-eludir-al-dolar-en-un-impulso-comercial-respaldado-por-el-oro%2F

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Exit mobile version