<ul><li>BRICS nations, including Brazil, Russia, India, China, and South Africa, are considering developing a gold-backed financial system using Ripple's XRP Ledger to reduce dependency on the US-led SWIFT network and the dollar-dominated global economy.</li><li>The theory of BRICS nations adopting XRP is gaining attention due to evidence of cooperation on currency independence and blockchain innovation, as well as the recent exclusion of Russia from SWIFT prompting alternative system planning.</li><li>Each BRICS member has its own motivation to reduce exposure to the dollar, with factors like Russia's exclusion from SWIFT, China's desire to insulate its economy, and India and Brazil seeking autonomy in international settlements.</li><li>By potentially using XRP Ledger as a bridge between local currencies and a gold-backed reserve system, BRICS countries could bypass SWIFT and the dollar, while maintaining compliance and auditability, reshaping the future of international finance.</li></ul>

BRICS may adopt Ripple’s XRP to bypass dollar in gold-backed trade push

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