[Thailand joins BRICS and adopts Ripple’s XRP. Will this trigger a surge in XRP prices? 】
Thailand’s capital Bangkok recently joined the ranks of countries seeking BRICS membership. Additionally, Thailand is the latest country to seek to adopt Ripple’s XRP cryptocurrency.
BRICS is an international organization founded by Brazil, Russia, India, China and South Africa. Thailand is the first Southeast Asian country to formally apply to join, joining countries including Egypt, Ethiopia, Iran and the United Arab Emirates that have become full members.
Thailand’s application to join BRICS is not merely symbolic but reflects the country’s strategic vision. As China becomes an increasingly important security partner, Thailand hopes to maximize its strategic space without compromising its close relationship with the United States.
Thai Prime Minister Srettha Thavisin aims to reconcile with the United States while maintaining strong ties with China. This pragmatic approach involves diversifying global sources of growth and spreading risk across multiple dimensions.
Thailand’s recent economic and foreign policy decisions underscore this balancing act. While pursuing BRICS membership, Bangkok is actively participating in the U.S.-led Indo-Pacific economic architecture.
Thailand is eager to seek investment from U.S. semiconductor companies, which are shifting production from China to Southeast Asia. At the same time, military cooperation with the United States remains strong, exceeding that with China in both scale and frequency.
Thailand’s ambitions are not limited to BRICS. The country is also actively discussing the adoption of Ripple’s XRP. These actions demonstrate that Thailand is not isolated from the United States.
Thailand’s application to join BRICS reflects its determination to navigate complex geopolitical currents. And the country’s desire to adopt XRP shows Asia’s growing recognition of digital assets.
