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BRICS News: 40% Gold and 60% Local—Is There Room for Bitcoin, XRP, and Other Cryptos?

  • The BRICS currency, in development, is said to be backed by 40% gold and 60% local currencies.
  • The currency would be apolitical and outside the SWIFT payment network.
  • The potential BRICS currency may be based on a basket of 40% gold reserves and 60% BRICS sovereign nation currencies.
  • Bitcoin, XRP, and other cryptos are recommended for consideration amid these developments.

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