Will the IMF Replace the Dollar With XRP?

For the last several years there has been a lot of clamoring over what will replace the dollar.

 

Gold Bugs will be the first to say that it will be gold and/or some mixture of Gold with a combination of a basket of currencies.

But we are not convinced.

 

Yes, we are convinced that it is important to own both gold and silver as they enter a raging bull market.  But it will not replace the dollar.

And that’s mostly because the IMF (International Monetary Fund) announced they want to replace the dollar with XRP…aka “Ripple.”

 

And, NO, it’s not the cheap ripple wine* that many of us regret drinking decades ago.

 

(* Millennials, ask your parents/grandparents about Ripple Wine)

 

But in case you missed it, Ripple is a digital payment network and protocol launched in 2012 by Chris Larsen and Jed McCaleb.

The network uses XRP as its native cryptocurrency to enable fast, low-cost international money transfers and currency exchanges.

Ripple focuses on serving banks and financial institutions by replacing traditional cross-border payment systems like SWIFT.

 

Cue Up:  BRICS alternative to SWIFT.

 

Replace the Dollar

 

Do you remember when O’Biden’s handlers insisted on sanctions against Russia?

The result of that disaster is now Russia has strengthened their relationship with China and most of Asia while developing their alternatives to SWIFT.

 

READ:  Why Sanctions Never Work…Again  February 9, 2023 (HERE)

 

 

In other words, “stick a fork in SWIFT, it’s done.”

 

The BRICS do not need the SWIFT system.

 

As a result, they have advanced development of alternatives like XRP/Ripple.

 

And Ripple’s payment network and XRP cryptocurrency offer an alternative to traditional banking infrastructure for cross-border transactions.

 

The technology combines speed, low costs, and scalability with growing institutional adoption.

 

Furthermore, the development of central bank digital currencies (CBDCs) opens new possibilities for Ripple’s technology.

 

READ:  What You Should Know About CBDCs  October 23, 2022  (HERE).

 

The XRP Ledger provides a ready-made infrastructure for CBDC deployment and interoperability. Several central banks explore the platform for potential CBDC pilots and implementations.

 

And now that the IMF is making it’s move on XRP (and XLM as well) the BRICS Economic Reset is in play.

 

 

 

 

One more thing…

 

Even though we’ve only scratched the surface on technologies like XRP/Ripple, you need to understand how they work.

 

XRP uses RippleNet, which serves as a payment network for financial institutions.

And XRP functions as a bridge currency for cross-border transactions.

Users can send XRP directly to other wallet addresses for near-instant settlements or trade it on cryptocurrency exchanges.

The XRP Ledger also supports custom tokens and smart contracts for building decentralized applications.

 

Bottom line here?

 

The move to CBDCs is accelerating at a blurring speed.

 

So, learn how to use this move to your advantage in our upcoming November issue of “…In Plain English” (HERE).

 

Share this with a friend…especially if they follow cryptocurrencies.  They’ll thank YOU later.

 

And tell them:

 

 We’re Not Just About Finance

But we use finance to give you hope.

Support always welcome via the digital tip jar.

 

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