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BRICS XRP Ledger has actually emerged as a key technology mentioned in official BRICS documentation for cross-border trade solutions. The report explicitly references the XRP Ledger’s escrow model as a potential automated payment system, marking the first formal acknowledgment by a major economic bloc representing around 40% of global population. Also Read: XRP $50.000 Forecast Revives Buzz From Forbes’ Hidden $59,472 Article Exploring BRICS XRP Ledger, How It Works and Its Role in BRICS Pay Source: AFP Official BRICS Documentation Discovery Crypto enthusiast Kenny Nguyen shared slides revealing that crypto researcher SMQKE discovered explicit references to BRICS XRP Ledger in official documentation. The report was found to examine blockchain applications for trade finance and positions virtual escrow accounts to ensure funds are available once contractual conditions have been met. Source: Kenny Nguyen on X The mention directly links to BRICS Pay development, which is being descri...

The de-dollarization agenda is advancing as China’s central bank has asked lenders to raise their share of Chinese yuan while facilitating cross-border trade. The People’s Bank of China increased the floor ratio for Chinese yuan-denominated trade transactions from 25% to 40%. That’s a 15% increase in settling overseas trade and transactions in the recent realignment to benefit its local currency. Also Read: Russia’s New Economic Bank Fuels Global De-Dollarization Surge De-Dollarization: China to Punish Banks That Fail to Meet the 40% Chinese Yuan Criteria Source: iStock China is taking de-dollarization seriously and is cracking the whip on banks that fail to meet the 40% Chinese yuan criteria. The increase from 25% to 40% is dubbed the Macro Prudential Assessment and banks failing to meet the criteria will receive a lower score in regulatory review, said officials close to the matter to Bloomberg. Getting a low score would also affect the bank’s future business e...