blogtienso
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The US claims Ripple's XRP will replace the dollar: Fact-check
The Ripple community is being bombarded with claims that the US Congress is buying XRP at $10,000 and officially adopting XRP in place of the US dollar. It sounds sensational, but let's examine what is actually happening.
In recent years, some of the largest countries in the world, especially those in the BRICS group (Brazil, Russia, India, China, and South Africa), have begun to abandon the use of the US dollar for international trade. This process is called 'de-dollarization'. As part of this process, they are considering alternative assets, including cryptocurrencies. And recently, XRP has emerged quite prominently in that conversation.
In recent years, some of the largest countries in the world, especially those in the BRICS group (Brazil, Russia, India, China, and South Africa), have begun to abandon the use of the US dollar for international trade. This process is called 'de-dollarization'. As part of this process, they are considering alternative assets, including cryptocurrencies. And recently, XRP has emerged quite prominently in that conversation.
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