2024

PLATFORM

Revolution

<ul>
 <li><strong>Ripple’s technology and XRP show potential in BRICS Pay’s digital payment revolution.</strong></li>
 <li><strong>Partnerships with SBI Holdings, HSBC, ONAFRIQ, and Banco do Brasil boost Ripple’s influence.</strong></li>
</ul>
<p>The latest technology update and the XRP native coin from <a href="https://www.crypto-news-flash.com/brics-considers-xrp-a-potential-leap-for-cross-border-payments/" rel="noopener noreferrer nofollow">Ripple</a> have generated a lot of interest in their possible place in the BRICS Pay ecosystem. A ground-breaking effort called <a href="https://x.com/AbsGMCrypto/status/1803779802064736417" rel="noopener noreferrer nofollow">BRICS Pay</a> seeks to revolutionize digital payments among the BRICS nations by enabling transactions for a combined population of over 3 billion people.</p>
<p>Through its ability to link a sizable percentage of the world’s unbanked population and simplify cross-border financial transactions, this project may actually bring financial inclusion to pass.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> BREAKING: RIPPLE CONNECTIONS TO "BRICS PAY" A NEW GLOBAL DIGITAL PAYMENT PLATFORM !! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>BRICS PAY Is A Digital Payments Platform Being Developed By The Member Countries Of BRICS (Brazil, Russia, India, China, and South Africa).<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>BRICS PAY Aims To Enable Digital Payments… <a href="https://t.co/SfQKiFY7Xg" rel="noopener noreferrer nofollow">pic.twitter.com/SfQKiFY7Xg</a></p>
 <p>— Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1803779802064736417?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 20, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="strong-ripple-s-expanding-global-network-strong"><strong>Ripple’s Expanding Global Network&nbsp;</strong></h2>
<p>The main advantage of Ripple is its vast worldwide network of financial institutions, many of which have made their home in BRICS countries.</p>
<p>For instance, <a href="https://www.crypto-news-flash.com/xrp-news-sbi-holdings-entry-as-validator-marks-potential-shift-for-xrp-is-a-new-ath-on-the-horizon/" rel="noopener noreferrer nofollow">SBI Holdings</a>, a sizable Japanese financial services company, uses Ripple’s technology for international remittances. This strategic alliance highlights how well Ripple can support and improve the worldwide financial infrastructure.</p>
<p>It is remarkable how many financial institutions in the <a href="https://www.crypto-news-flash.com/take-a-look-could-brics-nations-propel-xrp-price-to-10000/" rel="noopener noreferrer nofollow">BRICS</a> countries are using Ripple’s technology. The international banking and financial services corporation, HSBC, does a good job of serving these countries.</p>
<p>Furthermore, Ripple’s creative solutions include Banco do Brasil, the second-largest bank in Brazil, and ONAFRIQ (MFS Africa), a top mobile money transfer service provider throughout Africa. These alliances show how many people are depending more and more on Ripple’s technology to enable safe and effective financial transactions.</p>
<h4><strong>XRP Market Data and BRICS Developments</strong></h4>
<p>At the time of writing, XRP was valued at about <strong>$0.4782</strong>, up <span style="color: #339966;"><strong>0.83%</strong></span> in the last 24 hours, according to CoinMarketCap data. Still, it shows a bearish trend over the last seven days, falling by <span style="color: #ff0000;"><strong>2.46%</strong></span>.</p>
<p>In the meantime, a prior CNF report has highlighted BRICS intentions to introduce a <a href="https://www.crypto-news-flash.com/brics-plans-gold-backed-currency-launch-by-september-potential-boost-for-bitcoin-and-xrp/" rel="noopener noreferrer nofollow">gold-backed currency</a> in September, which would have an even bigger impact on the dynamics inside the BRICS Pay network.</p>
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Ripple Role in BRICS Pay: A Digital Payment Revolution

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