Ripple's Potential Role as the New Federal Reserve in the Emerging Financial System
===============	
#eb220739 ver:0.31

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 BRICS alliance aims to create an independent payment system and challenge the dominance of the US dollar. Ripple could play a role similar to the Federal Reserve in this new system. The US dollar's dominance could decline as BRICS assumes control of the energy industry and trades in their currencies. The alliance plans to launch a gold-backed currency to challenge the dollar. This de-dollarization could have adverse effects on the US economy. #BRICS #de-dollarization #Ripple #Bitcoin...

#newstr #Brics #Ripple #Dedollarization #UsDollar #FinancialSystem #Transparency #Accountability #XrplLedger #FederalReserve 

 https://here.news/story/eb220739?ver=0.31