- Vladimir Putin confirmed BRICS is working to develop an independent payment system.
- The group will most likely use XRP for cross-border payments.
- Analysts think XRP could rally to $10,000 if the group archives its plan.
Russian President Vladimir Putin confirmed that the BRICS group is developing an independent payment system to reduce reliance on existing systems. A document from the Russian Central Bank suggests the group may consider using XRP for cross-border transactions.
BRICS NEWS:Russian President Putin confirms BRICS is developing its own independent payment system!
And according to a document about the Central of Bank of Russia they will most likely use #XRP for cross-border payments!
BRICS XRP pic.twitter.com/ecEKIz3IF5
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