The new BRICS payment system, primarily initiated by China and Russia, also known as “BRICS Pay,” is a planned independent and decentralized payment messaging system for BRICS countries to trade with each other in their own currencies, independent of the US dollar.
This BRICS Pay project sounds like a major shake-up in global finance—decentralized, digital, and aiming to cut the dollar out. It’ll be interesting to see how this plays out, especially with the US pushing back hard.
This BRICS Pay project sounds like a major shake-up in global finance—decentralized, digital, and aiming to cut the dollar out. It’ll be interesting to see how this plays out, especially with the US pushing back hard.
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