Here’s Why XRP is the Strongest Candidate for BRICS Nations

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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