#XRP The XRP Ledger from Ripple could serve as a digital bridge between local currencies and a gold-backed reserve system. XRP was designed for high-volume institutional transfers, with a transaction time of 3-5 seconds and low fees. Unlike #BTC Bitcoin or #ETH Ethereum, XRP offers scalability and predictable costs, which are key for governments and central banks processing large transactions. In this model, the BRICS would not issue a new public token, but would use the existing XRP infrastructure to settle operations. Gold could be held in national vaults or regional repositories, and XRP would be the mechanism through which value is transferred quickly and securely. This would allow BRICS countries to bypass SWIFT and the dollar while maintaining compliance and auditability through the XRP Ledger.
The truth about #XRP is that the BRICS wanted to use it as a means of payment for their oil trade transactions, etc., in order to bypass the use of the dollar and SWIFT, after the USA sanctioned Russia and excluded it from using this payment system. If you can't defeat your enemy, join him.
Today we are witnessing the adoption of what will be the new financial system with which countries, banks, companies, and people around the world will operate. In this change, I see how BTC will replace gold, XRP will replace the dollar, and ETH will replace the banking system. What do you all think? Do you believe the crypto future will be better? Which cryptos do you think will be part of that future? Leave your opinion in the comments.