XRP Holders Are Excited About a BRICS Pay Link — Here’s What’s Actually Confirmed
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Key Takeaways
XRP supporters are circulating claims that Standard Chartered gives XRP access to BRICS Pay, but no official BRICS Pay announcement confirms XRP, Ripple, XRPL or RLUSD integration.
Standard Chartered does have a history with Ripple. The bank used RippleNet for cross-border payments as early as 2017 and is now participating in SWIFT’s blockchain-based payments push.
XRP and Ripple’s RLUSD already have cross-border payment use cases, but connecting those rails to BRICS Pay remains speculation.
A claim linking XRP to BRICS Pay has caught the attention of XRP holders, raising hopes that Ripple’s payment technology could eventually find a route into one of the largest emerging cross-border payment initiatives.
An X post circulating among the XRP community claims that XRP has access to the BRICS payment platform through Standard Chartered, pointing to the bank’s connections with both blockchain payments and BRICS markets.
‼️XRP HAS DIRECT ACCESS TO THE BRICS PAYMENT PLATFORM THROUGH STANDARD CHARTERED‼️
Standard Chartered has integrated BRICS Pay into its digital payment platform.
This enables clients to make payments across BRICS countries.🌐
There are pieces of truth behind the theory. But they do not yet add up to an XRP integration.
BRICS Pay’s own documentation describes the project as a decentralized cross-border payment platform developed within the framework of the BRICS Business Council. It aims to connect national and commercial payment networks and allow settlements in national currencies.
Borderless Payments Across BRICS+ Countries. | Source: brics-pay.com
Its website specifically lists systems including India’s UPI, Brazil’s Pix, Russia’s SBP and WeChat Pay when describing the interoperability it wants to provide. XRP, the XRP Ledger, Ripple and RLUSD are not listed among those payment systems.
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Where Does the Ripple-Standard Chartered Connection Come From?
Standard Chartered does have a documented relationship with Ripple. It invested in Ripple in 2016 as part of its push to explore distributed ledger technology and develop new digital solutions for trade, payments, and transaction banking. The investment also gave Standard Chartered an observer seat on Ripple’s board, underscoring the bank’s early institutional ties to the company.
Standard Charted made a strategic investment in Ripple in 2016. | Source: sc.com
In 2017, Ripple announced that Standard Chartered Singapore and India’s Axis Bank would use RippleNet for live corporate cross-border payments. The system used Ripple’s enterprise blockchain infrastructure to move payments between the two banks in minutes.
That provides a historical Ripple-to-Standard Chartered connection, but it does not establish a Standard Chartered-to-BRICS Pay-to-XRP transaction route.
The bank has since become involved in another major blockchain payments project, this time with SWIFT.
Swift's blockchain-based ledger is ready for use, with ANZ, BNP Paribas, BNY, Citi, DBS Bank, First Abu Dhabi Bank (FAB), FirstRand, HSBC, Itaú Unibanco, Lloyds Banking Group, Mashreq, MUFG, OCBC, Standard Chartered, UBS, UOB and… pic.twitter.com/kOg9DumptG
BRICS Pay is also careful about its relationship with SWIFT. Rather than claiming it will replace the incumbent network, BRICS Pay says its Decentralized Cross-border Messaging System, or DCMS, is intended to operate alongside existing infrastructure.
XRP and RLUSD Are Already Built Around Cross-Border Payments
The excitement is easier to understand when looking at what Ripple is already building.
Ripple’s cross-border payment platform can move value using fiat currencies, stablecoins and cryptocurrencies including XRP. The XRP Ledger (XRPL) itself supports cross-currency payments and can settle transactions within seconds.
The dollar-backed stablecoin is issued on XRPL and Ethereum, and Ripple says it can be used for near-instant cross-border settlement.
In April 2025, Ripple formally added RLUSD to Ripple Payments and said cross-border providers BKK Forex and iSend were already using it in payment and treasury flows.
That gives Ripple two potential tools for international payments: XRP as a bridge asset between currencies and RLUSD as a dollar-denominated settlement asset.
For now, however, those are parallel developments rather than one confirmed network. Standard Chartered’s involvement across Ripple’s history, SWIFT’s blockchain project and global payments infrastructure creates an interesting overlap, but there is still no official evidence that a BRICS Pay transaction is being settled through XRP or RLUSD.
Until BRICS Pay, Ripple or a participating financial institution announces that connection, the XRP-BRICS link remains a possible interoperability story, not an integration already in production.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Dr. Guneet Kaur is a senior editor at CCN.com and a Science Fellow at Exponential Science. She is a fintech and blockchain expert with extensive experience in digital finance education, blockchain ecosystems, and cryptocurrency markets. She has worked with global media such as Cointelegraph, as well as education and blockchain platforms, to design and lead strategic content and learning initiatives. As an educator and assessor for top-tier executive programs, she bridges real-world fintech trends with academic insight.
Dr. Kaur is also a published researcher and peer reviewer across fintech and data science journals, including Financial Innovation Journal and International Journal of Big Data Intelligence and Applications. Her work spans data-driven analysis, Web3 innovation, and technical content development. With a strong foundation in both industry and academia, she translates complex financial technologies into practical applications, empowering learners, professionals, and institutions across the rapidly evolving digital finance landscape.
