‼️BRICS plans to de-dollarize with blockchain-based payments

‼️BRICS plans to de-dollarize with blockchain-based payments

Significant changes are approaching in the international currency system. BRICS representatives point out that work on the development of the reserve fund will continue.

➖ In 2016, member countries prioritized collaboration in the area of e-commerce and intellectual property rights (IPR), aiming to accelerate the elimination of non-tariff barriers to expand trade. In 2019, Brazil🇧🇷, Russia🇷🇺, India🇮🇳, China🇨🇳, and South Africa🇿🇦 began to collaborate within the unified payment system "BRICS Pay".

➖ The Russian Ministry of Finance, the"Bank of Russia," and the current member countries intend to launch the multilateral payment platform BRICS Bridge.

➖Among the priority tools for this initiative, tokenization and AI are mentioned.

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