Posted 3/5/2024, 6:26:57 AM
BRICS Nations to Launch Blockchain Payment System as Alternative to Dollar
- Russia announced a new blockchain and cryptocurrency-based payment system for BRICS nations as an alternative to the US dollar
- The system aims to benefit governments, businesses, and citizens across BRICS countries
- It will use state-of-the-art technology like digital assets, cryptocurrencies, and blockchain
- BRICS plans to enhance its global financial presence via this new payment mechanism
- The system is likely to be launched at the next BRICS summit in October 2024
