Let's analyze the technical side of the issue to understand why XRP (XRP) is so often mentioned in the context of replacing the petrodollar.
The system in question is called RippleNet. Unlike Bitcoin, which was conceived as 'digital gold', Ripple was created as an interbank network for payments.
How does Bridge Asset work?
In the traditional system (SWIFT), international transfers between rare currency pairs (for example, the Brazilian real to the Thai baht) usually go through the US dollar. This is time-consuming (2-5 days) and expensive due to the double conversion.
Ripple's On-Demand Liquidity (ODL) technology offers a different approach:
Step 1: The sender exchanges local currency (e.g. Yuan) for XRP.
Step 2: XRP is instantly (3-5 seconds) sent to another country.
Step 3: The recipient immediately exchanges XRP for their currency (e.g. Rial).
The system doesn't care which currency is used as input or output. If the BRICS countries or Iran want to trade oil without the dollar, they need a neutral "intermediary asset" that isn't controlled by the US government. XRP is technically ideal for this role.
Why is this associated with oil?
The oil market is the most liquid in the world. To support such trading volumes (trillions of dollars), the underlying asset must have enormous liquidity and a high price.
The logic of theorists on social media (as in your screenshots) is simple:
If the world abandons the dollar for oil payments, a vacuum will be created.
National currencies (yuan, rubles) are too volatile or politicized.
XRP is a ready-made software code that can perform thousands of transactions per second with minimal fees.
Current status
Ripple is already working with hundreds of financial institutions and central banks (such as those in the UAE and Saudi Arabia) to help them implement digital currencies (CBDCs).
An important nuance: Although the technology is ready, “replacing the petrodollar” requires political will from the largest players in the oil market. For now, this
It remains at the level of a large-scale experiment and the expectations of crypto investors.