Another jab thrown to dethrone the dollar.
While the masses’ attention has been diverted to the latest conflict in the Middle East, the BRICS bloc has once again been making great strides in order to yet again create financial systems that do not involve the U.S. dollar.
In comes BRICS Pay, a “Decentralised multi-currency digital international payments system,” acting as the next iteration to make trade in local currencies.
According to the website,
BRICS PAY aims to enable digital payments between the different countries in BRICS PLUS format, allowing businesses and consumers to securely and seamlessly make and receive payments in their local currency. The platform is designed to reduce the cost and complexity of international payments, while also providing a secure and reliable way to pay for goods and services…
