BRICS Central Banks Confirm XRP Ledger Use to Challenge Dollar

BRICS Central Banks Advance XRP Ledger Pilots to Reduce Dollar Dependency and Modernize Global Payments

  • BRICS countries have been working on using the XRP Ledger for financial infrastructure projects.
  • Documents show that central banks in the BRICS group are testing XRP to move away from U.S. dollar reliance.
  • Brazil’s central bank confirmed it is actively testing Ripple technology in research and pilot projects.
  • BRICS nations are developing long-term strategies for using blockchain and tokenization in cross-border payments.
  • Evidence points to years of preparation for integrating XRP Ledger into alternative international payment systems.

Central banks in the BRICS group—Brazil, Russia, India, China, and South Africa—have advanced projects using the XRP Ledger as part of their ongoing efforts to modernize financial systems and reduce reliance on the U.S. dollar.

- Advertisement -

Recently, documents shared by Versan Aljarrah of Black Swan Capitalist showed that developmental institutions and central banks in these countries have been exploring and implementing XRP Ledger infrastructure in payment initiatives. These efforts specifically aim at reshaping international payments and creating alternatives to U.S. dollar-dominated settlement frameworks.

Archived materials from BRICS economic forums and the New Development Bank highlight several projects where Ripple technology’s features, such as automated escrow and programmable transactions, were studied for trade finance and settlement solutions. According to these materials, BRICS’ adoption of the XRP Ledger has driven significant research and pilot testing in cross-border transactions.

Brazil’s central bank has played a key role by confirming its active use of Ripple in proof-of-concept studies and digital asset testing. Private-sector companies in Brazil are also building tokenization and agribusiness financing projects on the XRP Ledger, giving regulators opportunities to observe real-world network performance.

Ongoing references to XRP technology in BRICS policy documents indicate a coordinated multi-year strategy. These documents show systematic and planned efforts, not just speculation, aimed at preparing for large-scale implementation if chosen to move forward.

- Advertisement -

Though none of the BRICS countries have fully moved their national payment systems to the XRP Ledger, the recurring emphasis in both policy and technical reports signals that groundwork is underway for a potential shift. If fully adopted, XRP Ledger’s ability to allow quick and programmable payments may streamline global transactions and allow member nations to bypass traditional dollar-based systems.

Multiple years of documentation and technical research now provide substantial evidence that BRICS nations are positioning themselves for possible deep integration of the XRP Ledger in future international payment channels. For more information on related developments, see XRP Goes Live for 60M Air China Travelers Worldwide and China Releases BRICS Trade Index Showing Record Gains Since 2009.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

CryptoQuant: Whale ‘Reaccumulation’ Narrative Overstated Now

Onchain data from CryptoQuant indicate claims of large-scale Bitcoin reaccumulation by whales are overstated.Exchange...

XRP Eyes Rally as ETFs and Buy Signal Boost 2026 Hopes Surge

Ripple settled its US lawsuit in 2025, helping XRP reach a $3.65 all-time high...

Bitfinex Hacker Ilya Lichtenstein Freed Early via First Step

Ilya Lichtenstein was released from prison after serving 14 months of a five-year sentence...

Waymo’s 2026 Expansion Could Drive Big Gains for GOOGL Surge

Alphabet rallied more than 60% in 2025 and enters 2026 with investor optimism tied...

Tesla shares slip as Q4 deliveries deemed largely neutral US

Tesla delivered 418,227 vehicles in Q4, slightly below the 422,850 company-polled consensus and last...
- Advertisement -

Must Read

Top 5 Testing Tools For Blockchain Applications in 2022

Blockchain apps have been adopted popularly by some prominent industries due to its being a decentralized-designed technology. Furthermore, these apps eliminate the risks that...
Bitcoin (BTC) $ 90,106.00 1.94%
Ethereum (ETH) $ 3,132.90 4.85%
XRP (XRP) $ 2.02 7.81%
Bittensor (TAO) $ 248.41 9.26%
Polkadot (DOT) $ 2.14 7.15%
Cardano (ADA) $ 0.391058 9.54%
Chainlink (LINK) $ 13.37 6.71%
Hyperliquid (HYPE) $ 24.50 1.52%
Monero (XMR) $ 420.81 0.50%
Hedera (HBAR) $ 0.121629 7.11%
Toncoin (TON) $ 1.81 6.58%