Checkmate: How adopting a BRICS payment system might erode the dollar’s dominance in trade markets

Experts are evaluating how a BRICS international payment system may diminish the dollar’s dominant role in trade. The benefits include bypassing sanctions and reducing transaction fees, leading to predictions of increased democratization in trade markets.

Standard Chartered forecasts XRP could rise by 500% to reach 12.50 USD by 2028, aided by institutional support and ETF approvals. Analysts anticipate XRP will eclipse Ethereum’s market cap, driven by an expanding user base and positive regulatory developments.

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