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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...

“We don’t support any BRICS currency,” said India’s Union Commerce Minister Piyush Goyal in February. “I don’t think there’s any policy on our part to replace the US dollar,” said India’s External Affairs Minister S. Jaishankar in March. The move was intended to make the message reach China and Russia before the 17th summit in Rio de Janeiro on July 6 and 7. Several leaders in India have openly embraced the US dollar by distancing themselves from the formation of the BRICS currency. The development highlights the power struggles of the alliance where each member has different ideologies. There is no ‘one size fits all’ policy in the bloc as member nations look to undercut each other’s principles. Also Read: China Increases Quota for Foreign Investments Ahead of BRICS Summit Appreciate India Rejecting BRICS Currency, Says Start-up Founder & Financial Analyst Source: The Canadian Press / AP, Matias Delacroix Popular financial analyst...