I never thought how #crypto will be able to do such things; $XRP
It has a lot of potential in different scenarios I must admit the fact.
The United States has long used sanctions as a powerful tool to pressure countries like Iran and Russia. With traditional banking networks, particularly SWIFT, being central to international commerce, removing nations from these systems severely limits their ability to trade, receive funds, or grow their economies.
However, with the emergence of decentralized technologies, sanctions are becoming more difficult to enforce. Iran and Russia, for example, have explored creating their own blockchain-based financial systems or adopting cryptocurrencies to bypass SWIFT and U.S. sanctions. Enter XRP.
If XRP or similar blockchain-based currencies become the new global payment standard, it could work in the U.S.’s favor to ensure that sanctions are airtight. Unlike traditional networks, which can be manipulated or circumvented, blockchain transactions are transparent, immutable, and traceable. This means that if a sanctioned nation attempts to use XRP for illicit transactions, the U.S. could easily track and monitor their movements.
The transparency of the XRP ledger would make it nearly impossible for sanctioned countries to hide their transactions. This could allow the U.S. to not only keep these nations in financial check but also disrupt their ability to find alternative financial avenues. It would effectively close the door on secretive money movements and prevent nations like Iran and Russia from evading sanctions while giving the U.S. more control over global financial flows.
Moreover, the adoption of XRP in global payments could encourage other countries to cooperate with U.S. sanctions. By integrating XRP into the international financial system, the U.S. could ensure that countries participating in illegal or secretive deals with sanctioned nations would also be exposed and deterred from continuing their support.
Ultimately, XRP could become an essential tool in ensuring that nations like Iran and Russia remain in check, preventing them from sidestepping international law through new payment methods. By adopting XRP as a financial monitoring tool, the U.S. can preserve its influence over global sanctions while ensuring that transparency and accountability remain at the forefront of global finance.