PUTIN EYES CRYPTO FOR NEW GLOBAL FINANCE SYSTEM?

Could Ripple transform the global financial landscape as the Federal Reserve once did?

Wall Street analysts speculate that the BRICS coalition—Brazil, Russia, India, China, and South Africa—aims to challenge the dominance of the US dollar, potentially with a Ripple/crypto strategy.

Putin and Xi have expressed interest in cryptocurrencies to counter US financial influence.

A multi-country cryptocurrency could potentially upend the petrodollar system, paving the way for a new financial order based on blockchain technology and real assets.

Ripple's technology, particularly the XRP Ledger (XRPL), offers a decentralized platform for rapid, secure transactions.

XRPL’s capabilities could underpin a new asset-backed currency, reducing reliance on central banks and enhancing financial transparency.

RippleNet, Ripple's payment network, facilitates real-time, cross-border transactions, potentially replacing the traditional SWIFT system.

Combined with On-Demand Liquidity (ODL), RippleNet leverages XRP to bypass the need for pre-funded accounts, streamlining international payments.

Is Ripple capable of building the new global Federal Reserve?

Sources: Cointribune, CoinBrain, Cryptoglobe