BRICS Countries Launch BRICS Pay to Boost Trade Using National Currencies and Blockchain

BRICS launches new payment system BRICS Pay to challenge US dollar dominance
Aims to increase trade and financial transactions between BRICS countries
Focuses on de-dollarization and using national currencies
Uses blockchain technology but is not a cryptocurrency
Allows member countries to use own native currencies
Banks like SBI, Sberbank, Standard Chartered integrating BRICS Pay
Serves cross-border payments for trade, investment, microfinance
Major step towards easy real-time trade between BRICS members