Archive · 8 Aug 2025
India Should Embrace XRP Over BRICS Banking, Says Expert
India is considering upgrading its financial system.
Instead of using the BRICS banking system, which is slow, India is being urged to use XRP, a new technology.
XRP is a fast and efficient way to move money, and it can also be programmed to help specific parts of the economy, like giving loans to companies that use local suppliers.
The author believes this new system would be a big step forward for India's economy.
They suggest that India should focus on using these efficient new tools rather than sticking with older banking systems.
India is at a digital crossroads, urged to embrace cryptographic innovation instead of outdated banking frameworks like BRICS.
The author advocates for XRP, Ripple's blockchain-based system, as a modern alternative to traditional banking systems.
XRP offers faster, cheaper, and more energy-efficient cross-border settlements compared to systems like SWIFT and RTGS.
XRP's distributed ledger technology allows for programmable trust, enabling targeted fiscal policies like sector-specific loans.
The author suggests that India should pursue 'Cryptographic Non-Alignment,' prioritizing efficient, transparent financial instruments.
- Who
- Akshay Sharma, a technology expert and former Gartner analyst, is the author and advocate.
- What
- An opinion piece argues for India to adopt XRP for financial transactions instead of the BRICS interbanking framework.
- When
- The piece discusses current economic conditions and the future of financial systems.
- Where
- The article's focus is on India's financial future.
- Why
- The author believes XRP offers faster, more efficient, and programmable financial tools for India compared to traditional or BRICS banking.
Traditional Banking
XRP Cryptocurrency
Speed and Efficiency of Transactions
Traditional Banking
Reliance on established, albeit slower, banking systems like SWIFT and BRICS.
XRP Cryptocurrency
Advocates for faster, more efficient systems like XRP.
Methods of Financial Control
Traditional Banking
Traditional banking systems tied to macroeconomic tools like interest rate hikes and geopolitical alignment.
XRP Cryptocurrency
The idea is for programmable fiscal policy enabled by DLT.
- Technology Discussed
- XRP (Ripple's distributed ledger technology)
- BRICS
- An interbank framework, presented as an alternative to traditional banking systems
- Author's Previous Role
- Former Gartner Analyst
- Author's Position
- Advocates for India to adopt XRP over BRICS banking.
- Key Advantage of XRP
- Programmable trust and efficient transactions