- The rapid elimination of Russia in 2022 has encouraged the alternative systems plan.
- BRICS members are seeking autonomy in international settlements.
- The speed and cost-effectiveness of XRP are considered ideal for institutional use.
New theories circulating between cryptocurrency and geopolitical analysts suggest that BRICS countries in Brazil, Russia, India, China and South Africa are working behind the scenes to develop a financial system of money support using Ripple’s XRP ledger.
This is because the Bullock continues its efforts to reduce its dependence on the US-led Swift network and the dollar-controlled global economy.
While unconfirmed by the government, this theory has attracted attention as it increases evidence of BRICS cooperation on currency independence and blockchain innovation.
How the US maintains control of global finance
The global financial system is primarily supported by three core levers of Western influence: the US dollar control, the Swift Interbank messaging system, and the liquidity framework controlled by the Western Central Bank.
Swift has become a tool for enabling international banking communication and enforcing sanctions. In 2022, Russia was kicked out of Swift as part of coordinated western sanctions, prompting the Kremlin to accelerate its efforts to create alternative channels for cross-border payments.
The US has demonstrated the strategic power of financial infrastructure by freezing access to dollar reserves and frozen foreign assets.
Countries considered politically hostile or non-aligned are increasingly wary of this system, viewing them as vulnerabilities rather than neutral platforms for trade.
Why BRICS is coming out of the dollar system
Each member of BRICS has an incentive to reduce exposure to the dollar. With the exclusion from Russia’s Swift and Asset’s seizures, it was forced to pursue financial independence. China is trying to isolate its growing economy from Western financial pressures.
India and Brazil aim to increase the autonomy of international settlements, while South Africa has expressed interest in strengthening its regional currencies.
This shared purpose caused new in-block calls to new value exchange systems that were not dependent on Western mechanisms.
BRICS Nations has already discussed the launch of a commodity-backed shared currency, and gold is considered the most viable asset for such support due to its stability and global acceptance.
XRP ledger as a bridge for financial support trade
According to theory, Ripple’s XRP ledger could serve as a digital bridge between local currency and the spare system of money support. XRP is designed for large in-facility transfers with trading times of 3-5 seconds and low prices.
Unlike Bitcoin and Ethereum, XRP offers scalability and predictable costs. It is the key to governments and central banks that handle large transactions.
In this model, BRICS does not issue new public tokens and instead uses XRP’s existing infrastructure to resolve transactions. Gold can be retained in safes or local repositories across the country, and XRP is a mechanism for quickly and securely transferring value.
This allows BRICS countries to bypass Swift and Dollar while maintaining compliance and auditability through their XRP ledgers.
Strategic Signals and Unconfirmed Moves
There is no official confirmation that BRICS is actively testing or adopting XRP, but some developments have drawn speculation. Russia has already proposed a golden stable rock for cross-border trade with friendly countries.
China continues to expand its digital yuan pilots. Ripple is also expanding its presence in Asia, the Middle East and Latin America.
While this theory remains speculative, it is rooted in a broader trend of derailing and growing interest in the blockchain-based infrastructure of sovereign financial systems.
Analysts argue that if BRICS succeeds in deploying a decentralized asset aid settlement model, it could reconstruct the future of international funding and challenge existing electricity structures dominated by the West.
