XRP Ledger – An Overview
The XRP Ledger (XRPL) is a decentralized, public blockchain that has been in operation since 2012. It was developed by Ripple Labs with the goal of enabling fast and inexpensive cross-border transactions. The native token XRP is used as a bridge currency. Originally known as 'Ripple Protocol', the XRPL offers features such as tokenization, an integrated DEX (decentralized exchange), multi-signatures, payment channels, and smart contract-like extensions through hooks.
The blockchain is characterized by high performance (thousands of transactions per second), low transaction costs (fractions of a cent), and remarkable stability and reliability over more than ten years.
XRPL and BRICS: Official Mention and Significance
In an official BRICS economic report, the XRP Ledger is mentioned as a technological model for a digital trading and payment system. The Escrow function and Smart Contract capabilities are particularly highlighted, which could enable automated, secure, and efficient international payment transactions.
This is a remarkable step: BRICS (Brazil, Russia, India, China, South Africa) is considering the creation of its own digital payment system and is looking at the XRPL as a reference model. Some scenarios even discuss the use of a gold-based direct payment mechanism on an XRPL basis, which could operate independently of the US dollar and SWIFT.
Analysts see this as the beginning of a strategic reorganization of global payment traffic: XRPL could serve as a bridge currency in a multipolar, decentralized financial landscape.
Impact on XRP (Token): The official mention strengthens the credibility of XRP and could promote institutional interest and usage.
What is 'VRICS'?
No hits were found when searching for 'VRICS' in connection with XRP Ledger or Ripple. There apparently exists no established technology, organization, or initiative that connects 'VRICS' with the XRP Ledger – as of September 2025.
Conclusion: XRPL remains in the spotlight
The XRPL is an established blockchain network with solid infrastructure, high performance, and numerous application possibilities.
BRICS has explicitly mentioned the XRPL as a technical example for a planned digital payment system – particularly in the area of Escrow and automation.
So far, there is no indication of a connection to 'VRICS' – this seems to be an unknown or possibly non-existent entity in the XRPL context.
For projects or investors, the mention of BRICS provides an important reference point for the role of XRPL in the global financial system.
Source: All information is based on official websites (xrpl.org), reports from CoinCentral, Analytics Insight, Binance Square, CryptoNews Flash, MEXC, and AInvest – as of September 2025.
