A new development in global blockchain settlement has sparked renewed debate within the XRP community.
On Monday, Chainlink announced its role in a landmark cross-border experiment involving two major central banks. The news triggered strong reactions from industry commentators, with many trolling the XRP Army.
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.
The experiment involves major partners such as Standard Chartered, Banco Inter, 7COMm, and the Global Shipping Business Network (GSBN). It marks the first time a blockchain title registry and cross-chain payment system have been connected in a single automated process.
Chainlink provided the technology that made this possible. Specifically, the Chainlink Runtime Environment (CRE) connected systems from Drex, HKMA’s Ensemble Network, Banco Inter, GSBN, and the Trade Finance Platform.
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
Following the announcement, crypto figure Sergey Nazarov remarked, “I hope the XRP Army sees this.”
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.
sorry, it’s hard to see from the top. chainlink also forgot to add the words “test” and “experiment” in their post. pic.twitter.com/2JBpyoNbDT
— ꜰʟɪᴘᴘʏ (@flippy589) November 3, 2025
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