BRICS Archives - Times Tabloid https://timestabloid.com/tag/brics/ Latest Cryptocurrency and Tech News Fri, 03 Jul 2026 07:42:54 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.1 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png BRICS Archives - Times Tabloid https://timestabloid.com/tag/brics/ 32 32 Top Investor: BRICS Is Going To Need An XRP Bridge. Here’s why https://timestabloid.com/top-investor-brics-is-going-to-need-an-xrp-bridge-heres-why/ Fri, 03 Jul 2026 11:02:28 +0000 https://timestabloid.com/?p=106637 As BRICS nations continue developing alternative financial infrastructure, questions remain about how those systems will interact with the rest of the global economy. While much of the attention has centered on reducing reliance on Western payment networks, crypto commentator Digital Asset Investor believes another challenge deserves equal consideration: cross-border interoperability. In a tweet, he suggested […]

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]]> As BRICS nations continue developing alternative financial infrastructure, questions remain about how those systems will interact with the rest of the global economy.

While much of the attention has centered on reducing reliance on Western payment networks, crypto commentator Digital Asset Investor believes another challenge deserves equal consideration: cross-border interoperability. In a tweet, he suggested that this requirement could ultimately create a role for XRP as a neutral bridge asset.

Sharing a video alongside the statement, “BRICS Is Going To Need An XRP Bridge,” the commentator highlighted remarks about the bloc’s ongoing efforts to build its own payment and settlement infrastructure while reducing dependence on traditional Western financial institutions.

Alternative Financial Infrastructure Takes Shape

The video begins with Digital Asset Investor asking viewers to consider what BRICS’ initiatives could mean for international payments. He noted that even if the group succeeds in establishing its own SWIFT-like messaging system, member nations will still need to conduct business with countries outside the bloc, including the United States.

According to him, that reality means BRICS will likely require “a bridge currency of some sort” rather than operating in complete isolation.

The clip then shifts to remarks from another speaker discussing the bloc’s expanding financial agenda. The speaker references plans for a payment settlement infrastructure, a proposed BRICS grain exchange, a new investment platform, and a reinsurance entity.

He states that Western institutions have historically dominated these sectors but explains that BRICS is gradually developing alternatives designed to operate independently.

The speaker also emphasizes the importance of settling transactions in national currencies instead of relying on the U.S. dollar or the euro. He says this approach is intended to provide member countries with greater safeguards and long-term stability while reducing exposure to what he describes as arbitrary actions from external institutions.

XRP Presented as a Neutral Bridge Asset

After the remarks conclude, Digital Asset Investor offers his interpretation of what the developments could mean for digital assets. Responding to the discussion, he says the evolving payment landscape “sounds like somebody is going to need a neutral bridge asset.”

Although he does not elaborate further in the clip, the accompanying post makes it clear that he believes XRP could fulfill that function. His view reflects a long-standing narrative within parts of the XRP community that positions the digital asset as a neutral intermediary capable of facilitating value transfers between different currencies and payment systems.

Rather than suggesting that BRICS would replace existing global financial relationships, Digital Asset Investor’s comments focus on the practical need for interoperability.

His central point is that even as countries establish independent financial infrastructure, international trade will continue to require efficient settlement between multiple currencies and networks. In his view, that ongoing requirement could create an opportunity for XRP to serve as a bridge connecting separate financial ecosystems.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> XRP In the Spotlight As BRICS Builds Infrastructure to Bypass SWIFT https://timestabloid.com/xrp-in-the-spotlight-as-brics-builds-infrastructure-to-bypass-swift/ Thu, 02 Jul 2026 19:02:06 +0000 https://timestabloid.com/?p=106610 A post is making the rounds on X, connecting Russian Foreign Minister Sergey Lavrov’s comments on de-dollarization to XRP. The commentator behind the post is Stellar Rippler (@Stellar_Rippler), who tied a video of Lavrov to a broader thread about what he calls the BRICS de-dollarization agenda. The post presents a cluster of claims around this […]

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]]> A post is making the rounds on X, connecting Russian Foreign Minister Sergey Lavrov’s comments on de-dollarization to XRP.

The commentator behind the post is Stellar Rippler (@Stellar_Rippler), who tied a video of Lavrov to a broader thread about what he calls the BRICS de-dollarization agenda. The post presents a cluster of claims around this video, arguing they add up to a growing role for XRP in global trade settlement.

The Russian Minister’s Comments

In the video, Lavrov discusses BRICS financial infrastructure. He references a grain exchange, an investment platform, and a reinsurance entity under development. He says these tracks have been completely monopolized by Western institutions.

Lavrov states that BRICS nations are building infrastructure not prone to arbitrary behavior and settling trade in national currencies instead of dollars or euros.

He adds that India’s development plans for 2027 should include this kind of safety net. His reasoning is that any country could fall out of favor with Western institutions at any time. He points to Eurasian nations, including Persian Gulf states, as the primary stakeholders in this shift. Lavrov’s remarks don’t name XRP, Ripple, or any specific digital asset, but Stellar Rippler makes that point.

Key Developments Driving Optimism

Stellar Rippler references recent reports that Japan and India have confirmed a digital asset alliance designed to bypass SWIFT and reduce dollar dependence. He claims India is leading a BRICS-Pay Initiative and states that India confirmed at the Indian Fintech Festival that it’s working with Ripple on cross-border payments.

Separately, Stellar Rippler claims Russia’s Foreign Ministry has disclosed a need for a neutral cross-border settlement system, one that is not a stablecoin and not controlled by any single party. Notably, Russia recently listed XRP on the Moscow Exchange under the MOEXXRP ticker.

He further claims that Russia, the UAE, and India settled the world’s first off-petroleum grid oil transaction in 2025, using local currencies and Ripple’s network for settlement.

The Case for XRP as a Bridge Asset

Taken together, Stellar Rippler claims this cluster of developments confirms XRP as what he calls a new global neutral asset, bridging every currency.

His argument rests on layering the Lavrov video, which discusses de-dollarization in general terms, on top of the data he presented about Ripple’s specific involvement in Russian, Indian, and Emirati trade settlement.

He presents Lavrov’s comments as institutional validation for the broader thesis. XRP fits the bill for what BRICS wants, and Stellar Rippler suggests that the asset could serve in that role.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> XRP’s Direct Access to BRICS Payment Platform Via Standard Chartered https://timestabloid.com/xrps-direct-access-to-brics-payment-platform-via-standard-chartered/ Wed, 17 Jun 2026 07:02:18 +0000 https://timestabloid.com/?p=105756 Crypto researcher SMQKE has put forward documents connecting XRP to the growing BRICS payment ecosystem. He pointed to Standard Chartered’s institutional infrastructure as the bridge between Ripple’s network and the BRICS payment framework. In a recent tweet, the researcher asserted that “XRP has direct access to the BRICS payment platform through Standard Chartered,” citing the […]

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]]> Crypto researcher SMQKE has put forward documents connecting XRP to the growing BRICS payment ecosystem. He pointed to Standard Chartered’s institutional infrastructure as the bridge between Ripple’s network and the BRICS payment framework.

In a recent tweet, the researcher asserted that “XRP has direct access to the BRICS payment platform through Standard Chartered,” citing the bank’s integration of BRICS Pay into its digital payment platform.

According to the researcher, this development enables Standard Chartered’s clients to make payments across BRICS nations while simultaneously positioning the bank at the center of multiple settlement networks.

The claim arrives at a time when market participants continue to monitor how traditional financial institutions are incorporating blockchain technology into cross-border payment systems. SMQKE’s analysis focused primarily on Standard Chartered’s documented infrastructure and the role the bank could play in connecting distinct payment environments.

Ripple and BRICS Within the Same Framework

According to SMQKE, Standard Chartered not only incorporated BRICS Pay into its payment capabilities but also established connections with public blockchain networks as part of its institutional architecture.

The researcher highlighted that Ripple appears within Standard Chartered’s ecosystem diagram under categories associated with stablecoins and public blockchains. Based on that presentation, SMQKE suggested that XRP occupies the public blockchain side of the institution’s settlement framework.

At the same time, BRICS Pay was described as operating on the BRICS Bridge side. The BRICS Bridge, formerly known as Project mBridge, was developed as a platform designed to facilitate cross-border settlement involving central bank digital currencies.

SMQKE maintained that Standard Chartered orchestrates settlement between public blockchains and CBDC networks, including the BRICS Bridge. As a result, the researcher concluded that the bank functions as a direct intermediary connecting these separate systems.

“The same super connector that incorporated BRICS Pay also integrates Ripple’s network,” SMQKE stated, arguing that this setup creates a documented relationship between XRP and the broader BRICS payment infrastructure.

Community Reaction to the Analysis

The post also attracted responses from members of the crypto community who viewed the findings as significant.

One commenter, identified as KING, praised SMQKE’s continued research efforts and suggested that many investors are overlooking developments taking shape behind the scenes.

“The chains building the future, you are constantly educating people on them right now, and most people are missing it,” KING wrote. The commenter added that people may eventually regret failing to verify the information being presented and recognize the importance of the highlighted developments.

While SMQKE highlights the connection as evidence that XRP has direct access to the BRICS payment platform through Standard Chartered’s infrastructure, the post largely centered on the bank’s documented role in linking public blockchains with emerging CBDC settlement networks. The analysis has added another perspective to the ongoing debate over XRP’s potential involvement in the future of international payments.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> Here’s Why XRP is the Strongest Candidate for BRICS Nations https://timestabloid.com/heres-why-xrp-is-the-strongest-candidate-for-brics-nations/ Sat, 02 May 2026 06:02:25 +0000 https://timestabloid.com/?p=103173 The global financial system is undergoing a structural shift. BRICS nations are actively building payment infrastructure that operates outside of SWIFT and the U.S. Dollar. At the center of this effort sits a question with serious consequences: which asset serves as the neutral bridge? Crypto researcher SMQKE (@SMQKE) and the MaximusCrypto roundtable made the case […]

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]]> The global financial system is undergoing a structural shift. BRICS nations are actively building payment infrastructure that operates outside of SWIFT and the U.S. Dollar. At the center of this effort sits a question with serious consequences: which asset serves as the neutral bridge?

Crypto researcher SMQKE (@SMQKE) and the MaximusCrypto roundtable made the case that XRP, alongside XLM, HBAR, and QNT, is positioned to answer that question. Their argument is grounded in technical documents and a concrete timeline already in motion.

The mBridge Problem and India’s Answer

The mBridge platform is the backbone of BRICS cross-border settlement. It runs on a custom Hyperledger Besu-based blockchain and settles transactions in seconds, a stark contrast to the 3-5 days SWIFT requires. The platform uses a Payment vs Payment model. This implies that a currency transfer completes only when the counterpart transfer is confirmed, requiring no Western correspondent bank.

The problem, as the panel identifies it, is governance. Chinese technical dominance currently accounts for 95.3% of the mBridge ledger’s control structure. If no alternative model is proposed, that becomes the default by Q4 2026.

India is moving to prevent that. With its 2026 BRICS chairmanship, India is expected to circulate a formal digital currency governance proposal to all members by July 2026. The proposal introduces a multilateral sovereignty-preserving framework in which no single state controls more than 25% of validator power.

The 2026 Timeline

The panel laid out a specific sequence of events. A live bilateral settlement pilot between India and the UAE, using the e-RUPI and Digital Dirham, launches before the Q4 2026 New Delhi Summit. That summit is the hard deadline. The goal is a “New Delhi Declaration” with binding neutral bridge-governance language adopted by all 11 member states.

Why XRP Fits the Architecture

The bridge currency must solve fragmentation. BRICS nations each operate different CBDCs. A neutral asset allows those systems to communicate and settle value instantly. SMQKE called tokens like XRP “underpriced catalysts” because they resolve interoperability issues between jurisdictions that no single government controls.

ISO 20022 is the common standard all major banks are adopting. Ripple is aligned with that standard. That alignment is what makes it relevant to institutions moving high-value, high-velocity transactions daily.

Coordination Is Already Happening

The panel pointed to documents showing Western nations are not sitting outside this process. They are actively shaping the ISO 20022 standards that this BRICS infrastructure will use.

SMQKE described it as “a global coordinated effort” to integrate blockchain into traditional financial systems. The panel sees XRP as the top choice within that architecture, as it is neutral, compliant, and fast.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> Central Banks of BRICS Nations Confirm Building On XRP Network for Years https://timestabloid.com/central-banks-of-brics-nations-confirm-building-on-xrp-network-for-years/ Tue, 09 Sep 2025 11:05:45 +0000 https://timestabloid.com/?p=82489 As the BRICS alliance intensifies its push to challenge U.S. dollar dominance, fresh attention is being drawn to the digital rails being built behind the scenes. Versan Aljarrah of Black Swan Capitalist recently drew focus to a paper trail of documents showing that BRICS central banks and their development institutions have been quietly working with […]

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]]> As the BRICS alliance intensifies its push to challenge U.S. dollar dominance, fresh attention is being drawn to the digital rails being built behind the scenes. Versan Aljarrah of Black Swan Capitalist recently drew focus to a paper trail of documents showing that BRICS central banks and their development institutions have been quietly working with the XRP Ledger (XRPL) for years. 

His observation has sparked debate across global markets about whether the bloc’s long-term financial strategy is already leaning toward Ripple’s technology.

Evidence from BRICS-Level Documents

Archived materials from BRICS economic forums and the New Development Bank point directly to XRPL. Technical reports highlight its escrow and automation features as viable tools for trade finance and settlement. 

These findings suggest that the ledger is not an afterthought but a recurring study point in the bloc’s exploration of cross-border digital infrastructure. For BRICS, which has consistently sought to reduce dependence on dollar-based clearing, the ability to leverage a programmable, low-cost ledger carries significant strategic weight.

Central Bank Research and Pilots

Beyond BRICS-wide publications, individual members have conducted their own experiments. Brazil’s central bank released technical research on distributed ledgers, explicitly naming Ripple as a platform tested in proof-of-concept projects. XRP’s tech joins a prestigious club of cutting-edge infrastructures vying for a starring role in tomorrow’s monetary revolution.

The private sector in Brazil adds another layer of confirmation. Tokenization initiatives and agribusiness financing projects are already running on the XRPL, offering regulators a front-row view of how the network functions at scale. 

This blend of academic research, pilot testing, and live market adoption illustrates that BRICS central banks are not merely watching blockchain developments from afar.

The Meaning of “Building On”

Aljarrah’s remarks have fueled interpretations that BRICS economies may already be running critical infrastructure on XRPL. The reality, however, is more nuanced. The available record shows repeated references to XRPL in policy papers, sustained research by central banks, and tangible pilots in the private sector. What it does not confirm—at least not yet—is that entire national settlement systems have been migrated onto the public ledger.

Still, the consistent pattern of engagement points to a serious and deliberate strategy. For years, BRICS governments and their institutions have invested time and resources into studying XRPL’s features and testing its compatibility with their financial frameworks.

Implications for Global Finance

Should BRICS take the next step and adopt XRPL at scale, the effect on global liquidity and cross-border payments could be seismic. XRPL’s capacity for instant settlement, programmable escrow, and tokenization fits neatly into the bloc’s long-term vision of bypassing U.S. dollar-centric channels.

For now, the evidence paints a picture of preparation rather than completion. Yet, as Versan Aljarrah highlights, the groundwork has been laid for years. The intrigue now shifts to BRICS’ bold next move: will they weave the XRP Ledger into the very fabric of their financial tomorrow?

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> BRICS Report Cites XRP Ledger for Cross Border Trade https://timestabloid.com/brics-report-cites-xrp-ledger-for-cross-border-trade/ Fri, 05 Sep 2025 04:45:40 +0000 https://timestabloid.com/?p=81799 Crypto enthusiast Kenny Nguyen shared a post noting that the XRP Ledger was cited in a BRICS economic report examining blockchain applications for cross-border trade. Kenny attached slides of the report and its potential implications for digital asset infrastructure and international payments. Details from the Attached Slides The slides state that a crypto researcher, SMQKE, […]

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]]> Crypto enthusiast Kenny Nguyen shared a post noting that the XRP Ledger was cited in a BRICS economic report examining blockchain applications for cross-border trade.

Kenny attached slides of the report and its potential implications for digital asset infrastructure and international payments.

Details from the Attached Slides

The slides state that a crypto researcher, SMQKE, discovered an explicit reference to the XRP Ledger in an official BRICS document that explores blockchain technology for trade finance and digital currency development.

The report highlights the XRP Ledger’s escrow model as a potential solution for automated payment systems. It explains that virtual escrow accounts could ensure funds are reliably available once specific contractual conditions are met, positioning the feature as relevant for trade settlement processes.

The slides further link the mention of the XRP Ledger to the broader development of BRICS Pay, described as a decentralized blockchain payment initiative. The stated goal of BRICS Pay is to create an alternative cross-border settlement framework that reduces reliance on SWIFT and limits dependence on the U.S. dollar in international trade.

The presentation also notes that the BRICS Business Council has operated a working group since 2019 to examine the role of cryptocurrencies in trade facilitation, aligning with the bloc’s broader objective of advancing de-dollarization.

While acknowledging established platforms such as the XRP Ledger, the material adds that BRICS members are also considering an “in-house smart contract system,” which suggests that they are weighing the use of proprietary infrastructure alongside public blockchain networks. This reflects an ongoing assessment of both existing solutions and new frameworks that could be developed internally by BRICS nations.

Why the Report Is Viewed as Significant

The slides conclude by describing the alleged reference as the first formal acknowledgment of the XRP Ledger by a major economic bloc. They argue that such recognition is notable as BRICS represent around 40% of the global population.

From this perspective, interest in the XRP Ledger is presented as a development that could contribute to broader adoption of blockchain-based financial systems, while also accelerating efforts to diversify settlement mechanisms beyond those dominated by the U.S. dollar.

Nguyen’s Framing of the Development

By tagging XRP, RLUSD, and XRPETF, Nguyen connects the BRICS-related information to wider themes within the XRP ecosystem. RLUSD, Ripple’s U.S. dollar-backed stablecoin, is already live and positioned to play a role in cross-border payments by providing fiat-pegged liquidity.

The mention of XRPETF highlights market structure considerations that remain a focus for community members monitoring potential regulatory approvals for exchange-traded products. Through this framing, Nguyen describes how the BRICS document, if accurate, intersects with ongoing developments tied to XRP and its broader ecosystem.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> XRP Ledger Is Explicitly Cited in an Official BRICS Report. Here’s why https://timestabloid.com/xrp-ledger-is-explicitly-cited-in-an-official-brics-report-heres-why/ Tue, 02 Sep 2025 05:02:47 +0000 https://timestabloid.com/?p=81274 Crypto researcher SMQKE highlighted a specific detail from a BRICS economic report, noting that the XRP Ledger is directly cited within the document. In the post, SMQKE stated that “the XRPLedger is explicitly cited in an official BRICS report on the development of a BRICS cryptocurrency” and emphasized that the mention is documented. The observation […]

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]]> Crypto researcher SMQKE highlighted a specific detail from a BRICS economic report, noting that the XRP Ledger is directly cited within the document.

In the post, SMQKE stated that “the XRPLedger is explicitly cited in an official BRICS report on the development of a BRICS cryptocurrency” and emphasized that the mention is documented.

The observation is based on a section of the report that discusses smart contracts, escrow-like systems for trade finance, and blockchain-based mechanisms to improve settlement efficiency. The report references “XRP Ledger, 2020” in this context, indicating that its escrow model was considered when evaluating options for cross-border trade finance infrastructure.

Details from the report page

The document itself outlines how BRICS countries have studied distributed ledger technology and blockchain to strengthen operational efficiency in trade settlements. It states that in 2019, the BRICS Business Council created a working group to explore a trade-facilitating cryptocurrency.

At the same time, it stresses that meeting BRICS goals for de-risking national currency trade settlements does not necessarily require the creation of a new, specialized cryptocurrency for document flow.

Instead, the report highlights the role of smart contracts as a key tool to automate processes, verify fulfillment criteria, and disburse payments through external verification mechanisms such as oracles.

Within this explanation, the document cites the XRP Ledger as an example of how funds can be stored in a virtual escrow account to guarantee availability at the time of contract execution.

Neo’s response to SMQKE

Following SMQKE’s post, another user, Neo, acknowledged the reference but pointed out additional context. Neo explained that the same report also references the need for an “in-house smart contract system” for BRICS.

This raises the possibility that while XRPL is cited as a technical example, BRICS may instead be considering the development of its own dedicated blockchain infrastructure. Neo questioned whether BRICS would opt to build a proprietary blockchain from the ground up or instead operate a permissioned version of an existing framework.

Implications of the two points

The posts together highlight two important aspects of the document. First, that XRPL is indeed cited within an official BRICS publication in relation to escrow and smart contract functionality.

Second, the report also references a path toward building an internal smart contract system, which suggests BRICS could ultimately pursue a controlled, consortium-style platform designed specifically for its member states.

This approach would give BRICS flexibility over governance, compliance, and customization while still acknowledging existing blockchain systems as relevant technical references.

Further context of the document

The excerpt also addresses the benefits of smart contracts for trade finance, including reduced settlement times, cost savings, and minimization of errors and disputes. It contrasts existing Western trade finance systems with the possibility of BRICS creating its own framework to avoid reliance on Western-dominated settlement rails.

The reference to XRPL fits within this wider analysis as one of several examples of blockchain technology capable of supporting escrow and automated disbursement mechanisms.

SMQKE’s post focuses on the verifiable fact that the XRP Ledger is explicitly mentioned in a BRICS document on digital trade settlements. The document positions smart contracts as central to BRICS’ long-term plans for trade finance, with XRPL noted as part of the technical landscape under review.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> New Theory Says BRICS Nations Are Likely Quietly Preparing a Financial System Powered By XRP https://timestabloid.com/new-theory-says-brics-nations-are-likely-quietly-preparing-a-financial-system-powered-by-xrp/ Fri, 16 May 2025 16:15:06 +0000 https://timestabloid.com/?p=67403 A new theory circulating within the cryptocurrency community suggests that the BRICS nations—Brazil, Russia, India, China, and South Africa—may be laying the groundwork for a revolutionary global financial system powered by XRP. The idea was recently highlighted by WF in a post on X, sparking considerable debate among digital asset enthusiasts and economic analysts. The […]

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]]> A new theory circulating within the cryptocurrency community suggests that the BRICS nations—Brazil, Russia, India, China, and South Africa—may be laying the groundwork for a revolutionary global financial system powered by XRP. The idea was recently highlighted by WF in a post on X, sparking considerable debate among digital asset enthusiasts and economic analysts.

The Essence of the Theory: A Gold-Backed Financial Reset

The premise of the theory is that BRICS countries are collectively working towards establishing a new financial order that could potentially replace the US dollar’s dominance in global trade. According to proponents of this theory, this emerging system would be backed by gold and could integrate XRP as a bridge currency, facilitating efficient cross-border transactions while linking fiat currencies to a stable, asset-backed financial structure.

The idea stems from several recent developments, including discussions within BRICS about creating a common currency to reduce dependence on the dollar. With these countries collectively holding a significant portion of the world’s gold reserves, the notion of a gold-backed system gains credibility, especially considering growing geopolitical tensions and shifts in global trade dynamics.

Why XRP? The Role of a Bridge Currency

XRP’s potential role in the proposed system is linked to its fundamental design as a bridge asset optimized for instant, low-cost cross-border transfers. As the only digital asset with regulatory clarity regarding its non-security status in the US, XRP stands out as a viable option for international financial operations.

The XRPL (XRP Ledger) also offers native support for issuing stablecoins and asset-backed tokens, a feature that aligns well with the concept of a gold-backed financial system. Its decentralized nature, combined with liquidity and interoperability features, makes it a logical choice for a global financial infrastructure that seeks to bypass traditional SWIFT-based systems.

Ripple’s Global Reach and the BRICS Connection

Ripple, the company behind XRP, has made significant strides in forming partnerships across BRICS nations, particularly in facilitating remittance corridors in India and establishing payment frameworks in Africa. Ripple’s focus on creating seamless cross-border payment solutions aligns with the growing sentiment among BRICS members to develop a resilient and independent financial system.

Although no official statements link BRICS directly to XRP, the circumstantial evidence of Ripple’s global ambitions and the ongoing financial realignments among BRICS countries fuel speculation. Additionally, Russia and China’s increasing investment in blockchain infrastructure hints at potential synergies with Ripple’s technology.

Strategic Implications: Shifting the Financial Paradigm

Should the theory materialize, it would mark a significant shift from the dollar-centric global economy to a more diversified and multi-polar system. The adoption of a gold-backed, XRP-powered framework would reduce the financial influence of Western economies and accelerate digital transformation in global trade.

Critics argue that such a theory is speculative, pointing out the lack of concrete evidence from BRICS governments or financial institutions. However, with BRICS nations openly discussing alternatives to dollar dominance, the theory remains plausible in the eyes of crypto proponents.

What It Means for the Crypto Community

If the theory proves accurate, the adoption of XRP on such a global scale would significantly boost its utility and value. The XRP community, long advocating for mainstream financial integration, sees this potential development as validation of the asset’s real-world use case.

While speculation continues, the idea of a gold-backed, XRP-driven financial system reflects the broader desire for economic sovereignty among BRICS nations. Whether this theory will translate into tangible policy remains uncertain, but the conversation alone highlights the evolving narrative around digital assets and their potential role in the global economy.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> Hope for XRP as BRICS Considers New Cross-Border Payment System https://timestabloid.com/hope-for-xrp-as-brics-considers-new-cross-border-payment-system/ Sat, 29 Mar 2025 06:57:39 +0000 https://timestabloid.com/?p=62109 A recent tweet from crypto influencer Amelie has drawn attention to ongoing developments within BRICS regarding a new cross-border payment system. Amelie’s post highlighted that BRICS countries have previously tested XRP and suggested it could soon become the global standard for international transactions. Her tweet linked to an article that reported statements from Russian Finance […]

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]]> A recent tweet from crypto influencer Amelie has drawn attention to ongoing developments within BRICS regarding a new cross-border payment system.

Amelie’s post highlighted that BRICS countries have previously tested XRP and suggested it could soon become the global standard for international transactions.

Her tweet linked to an article that reported statements from Russian Finance Minister Anton Siluanov, who confirmed that Moscow is working on financial instruments within BRICS, including a cross-border payment system.

BRICS Exploring a New Financial Infrastructure

According to the article shared in Amelie’s tweet, Siluanov stated that BRICS is evaluating financial innovations, particularly a cross-border payment system that could integrate national currencies, digital technologies, and digital financial assets.

He emphasized that Moscow is closely monitoring advancements in financial infrastructure, noting that such developments are essential for strengthening trade and economic growth among BRICS nations.

One of the key reasons BRICS is pushing for alternative payment systems is the impact of Western sanctions, particularly the exclusion of Russian banks from SWIFT. In response to these restrictions, BRICS countries have been accelerating efforts to establish independent financial networks that reduce reliance on Western-dominated systems.

XRP’s Role in Previous BRICS Testing

Amelie’s tweet referenced past tests of XRP by BRICS countries, though no specific details were provided in the linked article regarding its inclusion in current plans. XRP has been used in various pilot programs for cross-border payments due to its speed and efficiency.  making it a potential option for countries looking to move away from traditional systems.

The idea that XRP could play a role in BRICS’s financial strategy aligns with the broader trend of exploring blockchain-based solutions for international payments. However, no official confirmation from BRICS leaders regarding XRP in the proposed system.

Potential Implications for Global Finance

If BRICS implements a new cross-border payment system, it could significantly impact global finance by reducing reliance on existing Western-controlled networks. The inclusion of digital financial assets in BRICS discussions suggests that blockchain technology could play a role in their strategy. However, details on which assets or networks will be used remain unclear.

Siluanov also provided an update on Russia’s budget deficit, stating that it is expected to decline to 0.5% of the GDP this year from 1.7% in 2024. This financial outlook indicates Russia’s focus on economic stability amid broader financial restructuring within BRICS.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> This Week Could Turn Out Really Interesting for XRP Holders. Here’s why https://timestabloid.com/this-week-could-turn-out-really-interesting-for-xrp-holders-heres-why/ Tue, 22 Oct 2024 08:48:10 +0000 https://timestabloid.com/?p=48178 This week could turn out as a significant period for XRP holders, with three major events coinciding and potentially shaping the financial and geopolitical landscape. As shared by Amelie (@_Crypto_Barbie), these events could bring pivotal developments for the XRP community. BRICS Summit 2024 First, the BRICS Summit 2024 will be held in Kazan, Russia, from […]

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]]> This week could turn out as a significant period for XRP holders, with three major events coinciding and potentially shaping the financial and geopolitical landscape.

As shared by Amelie (@_Crypto_Barbie), these events could bring pivotal developments for the XRP community.

BRICS Summit 2024

First, the BRICS Summit 2024 will be held in Kazan, Russia, from October 22 to 24. This year’s summit is particularly notable as it marks the first gathering following the bloc’s expansion to include Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia, effectively doubling its membership.

The agenda will focus on enhancing cooperation in politics and security, the economy and finance, and cultural and humanitarian ties. Key discussions will include reforming global economic governance and integrating the new members into the BRICS framework.

The summit will also address the establishment of a BRICS payment system, climate change, energy cooperation, supply chain security, and scientific collaboration. With XRP as a frontrunner for BRICS adoption, the expansion of the bloc and this notable event could benefit the digital asset.

Sibos 2024

Simultaneously, the SWIFT event (Sibos 2024) is scheduled for October 21-24 in Beijing, China. This annual conference gathers financial services professionals to discuss the latest trends and innovations in banking and finance.

Topics likely to be addressed include cross-border payments, financial technology advancements, and regulatory changes. Given the recent moves by BRICS nations to create alternatives to the SWIFT system, insights from this event could have significant implications for international finance and XRP’s role in cross-border transactions.

Federal Reserve Bank of Philadelphia FinTech Conference

Additionally, the Federal Reserve Bank of Philadelphia will host its Fintech Conference on October 22-23, featuring Ripple executives Brad Garlinghouse and Chris Larsen. This event will explore the intersection of technology and finance, focusing on regulatory developments, digital currencies, and blockchain technology.

The participation of Ripple executives shows the growing importance of blockchain technology in the financial sector and could provide crucial updates on XRP’s integration into mainstream financial systems.

With all these events happening almost simultaneously, the XRP army has lots of reasons to be excited. The ecosystem also recently saw an influx of meme coins, adding to the excitement.

As the XRP Ledger rapidly grows with notable developments on the way, we might be entering a new era of growth for the digital asset.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The post This Week Could Turn Out Really Interesting for XRP Holders. Here’s why appeared first on Times Tabloid.

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