Ripple's Potential Role as the New Federal Reserve in the Emerging Financial System
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#eb220739 ver:0.32

The BRICS alliance aims to reduce reliance on the US dollar and establish a multipolar financial system. They are exploring blockchain technology and digital assets, potentially benefiting Bitcoin. India and Nigeria have agreed to trade in their local currencies, strengthening bilateral relations and de-dollarization efforts. Despite US efforts to undermine the alliance, trade between Russia and India reached a record high. The dominance of the US dollar in cross-border transactions is declining, and the BRICS alliance aims to create an independent payment system. Wall Street analyst Linda Jones suggests Ripple could serve as the new Federal Reserve in this emerging financial system. The US dollar could decline if BRICS assumes control of the energy industry and trades in their currencies. The BRICS alliance plans to launch a gold-backed currency to challenge the dollar. Ripple's transparency and the XRP Ledger make it suitable for this new system. The de-dollarization initiatives by BRICS will have adverse effects on the US economy. #BRICS #de-dollarization #Ripple #XRP #Bitcoin #financialsystem...

#newstr #Brics #Dedollarization #Gold #Oil #UsDollar #BankingAndFinanceSector #Ripple #FederalReserve #EmergingFinancialSystem 

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