XRP’s Bullish Run Dependent on BRICS and Japan 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦📅 Monday, October 14, 2024

XRP continues to gain traction as Japan and the BRICS Alliance champion its use despite regulatory hurdles in the U.S. 🇯🇵

The intergovernmental group's endorsement of Ripple’s infrastructure highlights its potential to revolutionize international payments.🌍 BRICS Blockchain-Based Payment SystemBRICS nations, led by President Vladimir Putin 🇷🇺, have announced a blockchain-based payment system aimed at enabling international trade free from Western financial influence.💼 Ripple’s Impact on Global FinanceOver 80% of Japanese banks are now collaborating with Ripple, revolutionizing cross-border payments, and signaling the growing integration of crypto into traditional finance. This major development could boost XRP’s trajectory in the coming years.📊 XRP vs SWIFTWhile XRP’s ledger is faster and more cost-effective (3-5 seconds per transaction, with minimal fees), SWIFT remains a formidable competitor due to its entrenched network of 11,000 institutions and handling $5 trillion in daily transactions. XRP’s expanding adoption, however, suggests the potential for future gains in market share and price. 💰Stay tuned to see how this unfolds in the ever-evolving crypto space! 🚀