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The BRICS alliance is reportedly considering Ripple’s XRP as a key component of a gold-backed financial system to reduce reliance on the U.S. dollar. With its fast, low-cost transactions, XRP could revolutionize cross-border payments for the bloc. The topic is expected to take center stage at the upcoming BRICS Summit in 2025.
- BRICS may adopt XRP for a gold-backed system to reduce USD reliance and enhance cross-border payments.
- XRP’s speed and low fees make it ideal for international trade, unlike Bitcoin or Ethereum.
- The 2025 BRICS Summit in Brazil could formalize plans for financial reforms and blockchain integration.
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