🚨 UAE and India Settle Oil Bills Without Using US Dollars 🚨
India and the UAE have just made history by completing a crude oil deal without using the US dollar. India paid for oil from the UAE in its local currency, but the transaction was conducted through the XRP Ledger System. The system is said to even reward users with CryptoTradingFund (CTF) tokens as cashback. The BRICS nations, which now include the UAE after expanding their membership in 2024, are leading the de-dollarization movement. The motivation is clear: they want economic independence. The US dollar has long been the world's most widely used currency, but geopolitical tensions and recent sanctions have strained many countries.