Pundit Says ‘I Hope the XRP Army Sees This,’ Here’s What he Means

robot
Abstract generation in progress

A new development in global blockchain settlement has sparked renewed debate within the XRP community.

Chainlink Connects Brazil and Hong Kong in Cross-Border Settlement

Specifically, Chainlink revealed that it is powering cross-border Delivery-versus-Payment (DvP) settlement between the Central Bank of Brazil and the Hong Kong Monetary Authority as part of Brazil’s Drex project.

Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), smart contracts across different blockchains could coordinate actions such as installment payments, credit releases, and digital Bill of Lading transfers.

Pundits Point to Institutions Choosing LINK Over XRP

Another community member, Zedzies, added, “Amazing that these huge central banks have chosen LINK over XRP again.”

These reactions highlight a widespread view among some analysts that institutions testing blockchain for settlement and tokenized assets are overlooking the XRP Ledger.

This sentiment echoes earlier community discussions triggered by SWIFT’s decision to develop blockchain capabilities through its own shared ledger rather than using XRP. Moreover, Western Union recently moved to Solana for its stablecoin-based remittance rails.

For context, a segment of the XRP community has long promoted the idea that XRP would serve as the preferred liquidity bridge for global institutions. However, recent developments continue a trend in which:

  • Banks are building their own ledgers or stablecoins,
  • Messaging networks like SWIFT are modernizing independently, and
  • Interoperability frameworks (e.g., Chainlink CCIP) are being chosen to connect existing financial rails.

The Brazil–Hong Kong pilot reinforces this direction.

XRP Army Reacts

Chainlink’s involvement in the Drex program strengthens its role in global trade and settlement infrastructure. It adds to its growing list of partnerships in tokenization and CBDC pilots.

While this growing adoption of rival chains stirs criticism of XRP, the XRP Army has not remained silent in the face of opposition.

For instance, Dom Kwok, co-founder of EasyA, remarked that Western Union’s decision to overlook XRP is not a missed opportunity. He argued that Ripple is pursuing trillion-dollar markets rather than the billion-dollar transactions that Western Union processes.

Meanwhile, reacting to the latest Chainlink news, XRP supporters have pointed out that despite LINK’s growing adoption, its price performance has not been impressive. They note that the coin continues to trade outside the top 10, while XRP ranks just behind Bitcoin and Ethereum.

XRP-0.3%
LINK-0.37%
BTC0.48%
ETH-2.77%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)