BRICS and Ripple: A Digital Currency Love Story?

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In the shadowed corners of the global economy, where empires and algorithms collide, the BRICS nations-Brazil, Russia, India, China, South Africa, and their enigmatic companions-have whispered of reducing the U.S. dollar’s dominion over cross-border trade. A noble ambition, if one overlooks the occasional geopolitical hiccup.

Yet a new rumor, like a moth drawn to the flame of social media, claims these nations are now in clandestine talks with Ripple, the blockchain oracle of cross-border payments, to craft a global digital currency. The XRP Ledger, it is said, may become the unsung hero of this saga. Or perhaps the villain? Only time will tell.

Coinpedia, that most diligent of scribes, has taken up the quill to discern fact from fiction in this tale of high finance and digital dreams.

The Whispered Claim

A certain X user, known only as “Ledger Man,” has declared that BRICS nations are “talking with Ripple” to deploy the XRP Ledger (XRPL) as the backbone of their central bank digital currency. A bold assertion, to be sure, though one might question whether Ledger Man’s sources are as reliable as a barista’s memory of your coffee order.

Coinpedia’s Key Findings: A Tale of Absence

No Royal Decree From BRICS or Ripple

As of this writing, neither the BRICS governments nor Ripple have issued a single syllable of confirmation. One might expect such a union to warrant a press conference, perhaps even a fireworks display. Alas, all is silent.

BRICS Forges Its Own Path

While the world watches, the BRICS nations march forward with their own payment systems: BRICS Pay, gold-backed digital settlements, and the occasional cryptic memo about de-dollarization. The XRP Ledger, it seems, is merely a footnote in this grand experiment.

Ripple’s Diplomacy: Not Yet BRICS-Approved

Ripple, that persistent suitor of central banks, has indeed courted financial institutions worldwide. Yet no evidence suggests BRICS, as an entity, has accepted the proposal. Perhaps they prefer a more… traditional courtship.

The Emperor Has No Clothes

The Claim Coinpedia’s Counterpoint
BRICS and Ripple in official talks No decree, no evidence, no royal seal
XRP Ledger selected No adoption, no announcement, no fanfare
BRICS building XRP-based currency BRICS builds its own CBDC, thank you very much

Conclusion: A Rumor Slapped With a Fish

Claim Are BRICS nations using XRP Ledger for digital payments?
Verdict False
Coinpedia’s Verdict After a meticulous trawl through official documents and the murky waters of social media speculation, Coinpedia finds no trace of this alleged partnership. The rumor, it seems, is a ghost story told at a blockchain dinner party-spooky, but ultimately without substance.
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2026-02-18 15:51