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BRICS Nations’ Move Away from U.S. Dollar Could Boost XRP, Says Expert

  • The BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, has agreed to reduce its reliance on the US dollar.
  • Experts suggest that XRP, the digital asset associated with Ripple Labs Inc., could be a leading candidate for the BRICS if they decide to implement a digital currency as their payment system.
  • XRP is known for its fast and low-cost international payments, making it suitable for streamlining transactions between member countries' diverse currencies.
  • Other international organizations, such as the Commonwealth of Independent States (CIS), are also working towards reducing their dependency on the US dollar.

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