BRICS Coalition Ponders: Could XRP Emerge as Shared Digital Currency?
The digital currency XRP is currently trading around $2.80, experiencing a daily increase of approximately 2%. This rise coincides with an increase in whale transactions, indicating a growing interest in the cryptocurrency.
In a significant development, the BRICS nations (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, and Indonesia) are considering using the XRP Ledger as the foundation for a joint digital payment system. This decision, if confirmed, could catapult XRP to one of the most exciting cryptocurrencies in the remaining months of 2025.
The XRP Ledger, known for its advantages such as transaction speed (payments confirmed within seconds) and a cost structure with fees at fractions of a cent, aims to provide a censorship-resistant, neutral, and efficient network. This stands in stark contrast to the established SWIFT system, which is slow, expensive, and dependent on external institutions.
The XRP Ledger also supports stablecoins and tokenized assets, enabling real-world values like gold to be directly integrated and secure trading transactions. This feature could potentially revolutionise cross-border payments, as the main goal of the project is to connect different national currencies, enabling payments to be processed in seconds and significantly reducing costs.
In the realm of trading bots, the Snorter Bot has garnered attention. Founded on the Solana blockchain, it offers particularly low fees and features like Stop Loss, Limit Orders, and Sniping via Telegram. It also allows users to perform fast transactions while being protected from MEV attacks, making it an attractive option for traders.
The Snorter Bot is also an interesting intersection of advanced technology and the meme coin trend, maintaining interest for weeks on end. As the crypto trading bot market continues to grow rapidly, with estimates suggesting a volume of around 40 billion USD, which could reach 150 billion USD by 2033, the Snorter Bot could play a significant role.
Recently, Russia has stepped up efforts to explore new payment pathways, including a gold-backed pilot project for digital settlements. The XRP Ledger has been explicitly mentioned as one of the technologies that could meet these requirements.
Experts consider a short-term jump to $5 for XRP as realistic if demand increases due to BRICS integration. Technical analysts see support at $2.70 for XRP, suggesting a stable foundation for potential growth.
As the world of cryptocurrency continues to evolve, the potential adoption of the XRP Ledger by the BRICS nations could be a game-changer. Stay tuned for more updates on this developing story.
Read also:
- Understanding Hemorrhagic Gastroenteritis: Key Facts
- Stopping Osteoporosis Treatment: Timeline Considerations
- Trump's Policies: Tariffs, AI, Surveillance, and Possible Martial Law
- Expanded Community Health Involvement by CK Birla Hospitals, Jaipur, Maintained Through Consistent Outreach Programs Across Rajasthan
