BRICS is developing its own payment system: Digital currencies other than Bitcoin are "causing fever" on forums with the expectation of being "chosen"

A news site specializing in cryptocurrency said that XRP is attracting attention on forums as optimists believe that it can become the BRICS' choice in international payments.

As part of their de-dollarization efforts, BRICS countries are promoting plans to launch a common currency to develop an independent payment system.#Xrp🔥🔥

Previously, the Central Bank of Russia talked about a cross-border money transfer project. However, a series of difficulties and challenges in developing a common legal currency of the bloc makes cryptocurrency advocates expect that an electronic currency will be used.

According to cryptocurrency site Coingape, Ripple is considered a bright candidate. Supporters believe that this currency is considered a "great" choice to develop a cross-continental payment system for the bloc.

According to its supporters, XRP is famous for its fast transaction speeds and low costs. Therefore, this seems to be a viable system in case BRICS is considering to "revolutionize" international payment goals.

If this becomes a reality, the price of XRP will skyrocket. Cryptonairz founder and CEO Robert Doyle said the XRP coin could reach the $10,000 mark if widely used by BRICS countries. In addition, many opinions believe that member countries of the bloc will receive many benefits from choosing XRP as an alternative currency to USD.

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