With the BRICS economic alliance set to implement a digital asset of its own, could Ripple (XRP) be set to benefit from its impending stablecoin launch? Russia’s Deputy Foreign Minister Sergei Ryabkov has recently discussed a native stablecoin for the alliance in order to continue combating the US dollar.
Moreover, Ripple could be set to benefit from the impending arrival. The company has long been one of the most important cross-border payment providers. Subsequently, the economic collective could rely on Ripple’s settlement platform for its ongoing foray into digital assets.
what qwould ripple have to do with any of this? Why would they tie their system a Western company?
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You obviously don't know much about either the network functionality or its history
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don't give me that shit. If I only knew about the protocol... no. It's a US company. The BRICS countries will not tie their currency to a US company.
Regardless of anything about the "network" or the "funcionality", if you think they would, you'd have to think the part of the world that is actively being fought by US imperialism and is creating that currency to literally get AWAY form the US are fools.
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Exactly 💯 Ripple is a US company which btw is one of the very few managed to win a lawsuit against the deep state SEC (US gov institution) so in my opinion shouldn't be underestimated + we all need to admit they did a good job with the efficiency and speed of the network
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go check again how states work.
The BRICS will choose a system that isn't in danger of having to have a fight with any US regulator, that can't get its documents subpoenad by any US agency, that can't be made to give access or hand over data, that can't have their offices raided by US stormtroopers and that aren't otherwise dependent on US structures. That is a 0% chance for ripple, then.
I will take a bet on that. But not in ripple.
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