XRP to Replace the Dollar? India’s Oil Trade Rumors Spark Ripple Frenzy

As traditional payment systems become obsolete, more institutions and even nations are moving towards blockchain solutions. Recent XRP news about the global adoption of crypto is the rumoured partnership of Ripple with the Indian government. Based on some new reports, India is now using XRP or the Ripple system to purchase oil. As such, this places Ripple and its biggest asset, the XRP token, at the center of international finance and economics. This development seems likely as XRP has been tested and is now used by several banks worldwide. So let’s analyse this development more and find out whether “Is India partnering with XRP?” or not.

Is India Replacing the Dollar with XRP? What We Know

An India Ripple partnership seems likely, as the government had previously announced its move away from the dollar. Based on the reports, this effort is accompanied by the enhancement of various indian payment and banking systems. Ripple is among the top new generations of payment systems which have been built for the digital age. As such, a current or future collaboration between India and Ripple is likely. XRP is much faster and cheaper than the current international payment system, SWIFT, making it a highly efficient replacement. Consequently, indian XRP adoption will also benefit the nation, by increasing the transaction speed and setting a stable rate of exchange.

India’s Oil Trade Goes Crypto: Is XRP the Future of Finance?

AS this news is making waves on X, many community members have questioned the reason for using crypto in oil trade. Just like normal transactions, the reason which seems the most logical is the increase in efficiency. Oil trade agreements and settlements usually go through a number of intermediary middlemen and financial institutions. This, in turn, creates added fees and costs and also increases the transaction time, creating friction. Such problems can be avoided using the direct transaction capability of blockchain and the Ripple payment system, presenting safety and efficiency.

India becomes first nation to use XRP for oil transactions 👀

Are you connecting the dots? pic.twitter.com/29wltZXP6U

— Gordon (@AltcoinGordon) April 6, 2025

Such development can also be a sign of bigger advancements for XRP adoption. This is because the Indian government could now plan to cover all energy purchases with XRP. This can set a positive example for other governments and countries, as India is one of the world’s biggest economies. Additionally, this can encourage other countries to use XRP, as India is a big trading partner. Moreover, with this move, the retail adoption of XRP among the significant Indian population can also increase. 

XRP Suffers — What’s Going On with XRP?

This India Ripple partnership development comes at a time when we have had a number of other bullish XRP news stories. Recently, the XRP SEC case has been getting close to its end. Such development can relieve the fears of institutional investors and bring even more cross-border investment for Ripple. However, to answer the question “Is India partnering with XRP?”, we have not yet seen an official statement. These positive fundamental developments have not reduced the selling pressure of global macroeconomics. This is because, as of writing this, the daily XRP price decrease recorded to be 20.22%, falling to $1.6. 

Market Crash Accelerates— Is an XRP Comeback Coming?

Today XRP price decrease comes as a reaction to the broader crypto market crash. This has been caused by the US’s aggressive trade policies and the retaliatory reactions of the US’s trade partners. The US stock market has been decreasing in value as well, with trillions wiped out in 5 days. However, with the worldwide adoption of Ripple and a potential announcement from the indian government, XRP long-term growth is almost guaranteed.