Update: Bitcoin vs XRP | BRICS Pay vs SWIFT
- DonnaLeung
- 2024年7月28日
- 讀畢需時 2 分鐘
已更新:2024年7月30日
All of the sudden, Trump announced to support Bitcoin in Bitcoin 2024 Conference. I can't find any relevant posts from Donald Trump's Telegram official channel regarding Bitcoin Conference. I suspect that it was the Trump's clone who attended the Bitcoin Conference.
This is my thought:
BRICS Currencies are back by Gold. The benefit of having Gold back currency is that all countries' currency are on a 1:1 basis.
BRICS has developed its own Payment System to avoid SWIFT
Therefore, there are two international payment systems in the world BRICS Pay and SWIFT
China officially banned Bitcoin trade and destroyed many Bitcoin mining farms simply because China cannot afford high energy costs to generate sufficient Bitcoin for national trading
Russia would not use Bitcoin either. Russia is most likely using XRP
China is the world factory and majority of the countries in the world would have to trade with China. It is impossible to split the world into half.
Thus the BRICS payment system which is back by Gold will be proliferated to worldwide very soon.
Ripple Lab's XRP technology is much more advanced and cost effective than Bitcoin
Ripple Lab's XRP technology has been widely adopted internationally.
XRP Ledger can support any asset types including precious metals.
Precious metals such as gold and silver will be re-valuated.
John McAfee once criticized Bitcoin is rubbish old technology.
SWIFT has already successfully tested Ripple XRP with numerous banks around the world. Some said 11000 banks.
Putin confirms BRICS Payment System with XRP considered as bridge currency
If BRICS and SWIFT are using the same bridge currency XRP, then they can talk.
Now, it is only the Satanic US government is against XRP. The US Securities and Exchange Commission fired a lawsuit against Ripple XRP. The US government forbidden the XRP development in the US.
Now, who is the one left behind? The USA.
This is the reason why Trump suddenly support Bitcoin during the Bitcoin 2024 conference because he has no other choice.
Trump pledges to fire SEC Chair Gary Gensler
Ripple XRP's international adoption and readiness is far greater and better than Bitcoin.
Bitcoin is a cryptocurrency generated by energy power. The US government can afford low energy cost. How about other countries in the world especially developing countries?
Would BRICS recognize Bitcoin?
How and who to define the exchange rate between Bitcoin and BRICS currency ie XRP?
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