How does a payment system challenge the global financial order? BRICS Pay, launched by the powerful BRICS nations; has emerged as a pivotal tool for reshaping the international financial landscape.
But this is more than just a technological innovation; it is a bold declaration of financial sovereignty from the dominance of the US dollar and Western-controlled financial systems, like SWIFT. But will it be successful? The BRICS Pay initiative was recently demonstrated at the BRICS Forum, where participants used BRICS Pay cards pre-loaded with 500 rubles for transactions at designated stores. This symbolic gesture sent a strong message: BRICS nations are serious about rewriting the rules of global finance.
Join this channel to get access to perks:
https://www.youtube.com/channel/UC2vy1ztN3iredhD_ouNbh4w/join
============================
Sources:
1. https://www.theguardian.com/world/2024/oct/23/putin-world-economy-bloc-brics-summit
2. https://markets.businessinsider.com/news/commodities/de-dollarization-reasons-why-countries-move-away-us-dollar-2023-7
3. https://www.investopedia.com/what-is-de-dollarization-7559514
4. https://www.intellinews.com/brics-announce-a-blockchain-based-payment-system-to-create-a-common-currency-318710/
5. https://www.ibm.com/topics/blockchain-security
6. https://www.dailynewsegypt.com/2024/10/22/brics-unveils-game-changing-payment-system-to-challenge-western-financial-hegemony/
7. https://www.franklintempleton.com/articles/2024/institute/consider-this-will-brics-dethrone-the-us-dollar#:~:text=There%20should%20be%20no%20doubt,to%20take%20a%20bigger%20share
8. https://www.financemagnates.com/cryptocurrency/brics-kazan-2024-summit-discusses-crypto-to-facilitate-de-dollarization/
9. https://www.fxstreet.com/cryptocurrencies/news/crypto-community-reacts-as-brics-considers-launching-stablecoin-for-international-trade-settlement-202404240059
10. https://blog.ebric.io/what-is-buy-a-bric-fea4d68e02ff
11. https://support.bitrue.com/hc/en-001/articles/31628162318617-BRICS-Stablecoin-Integration-Plan-Impact-on-Crypto-Asset-Values
12. https://www.reuters.com/markets/putin-says-existing-brics-infrastructure-is-enough-cross-border-payments-2024-10-24/
13. https://english.www.gov.cn/news/202410/24/content_WS671a3f2fc6d0868f4e8ec41f.html#:~:text=Other%20than%20the%20new%20full,deeper%20cooperation%20with%20the%20group.
14. https://www.dw.com/en/brics-expansion-what-does-it-mean-for-africas-future/a-70590473
Please, like, comment, subscribe, and ring the bell! EVERYTHING helps us grow!.
Subscribe Here:
#blackhistory #africanhistory #africanews
Thanks For Watching Our Video ????
But this is more than just a technological innovation; it is a bold declaration of financial sovereignty from the dominance of the US dollar and Western-controlled financial systems, like SWIFT. But will it be successful? The BRICS Pay initiative was recently demonstrated at the BRICS Forum, where participants used BRICS Pay cards pre-loaded with 500 rubles for transactions at designated stores. This symbolic gesture sent a strong message: BRICS nations are serious about rewriting the rules of global finance.
Join this channel to get access to perks:
https://www.youtube.com/channel/UC2vy1ztN3iredhD_ouNbh4w/join
============================
Sources:
1. https://www.theguardian.com/world/2024/oct/23/putin-world-economy-bloc-brics-summit
2. https://markets.businessinsider.com/news/commodities/de-dollarization-reasons-why-countries-move-away-us-dollar-2023-7
3. https://www.investopedia.com/what-is-de-dollarization-7559514
4. https://www.intellinews.com/brics-announce-a-blockchain-based-payment-system-to-create-a-common-currency-318710/
5. https://www.ibm.com/topics/blockchain-security
6. https://www.dailynewsegypt.com/2024/10/22/brics-unveils-game-changing-payment-system-to-challenge-western-financial-hegemony/
7. https://www.franklintempleton.com/articles/2024/institute/consider-this-will-brics-dethrone-the-us-dollar#:~:text=There%20should%20be%20no%20doubt,to%20take%20a%20bigger%20share
8. https://www.financemagnates.com/cryptocurrency/brics-kazan-2024-summit-discusses-crypto-to-facilitate-de-dollarization/
9. https://www.fxstreet.com/cryptocurrencies/news/crypto-community-reacts-as-brics-considers-launching-stablecoin-for-international-trade-settlement-202404240059
10. https://blog.ebric.io/what-is-buy-a-bric-fea4d68e02ff
11. https://support.bitrue.com/hc/en-001/articles/31628162318617-BRICS-Stablecoin-Integration-Plan-Impact-on-Crypto-Asset-Values
12. https://www.reuters.com/markets/putin-says-existing-brics-infrastructure-is-enough-cross-border-payments-2024-10-24/
13. https://english.www.gov.cn/news/202410/24/content_WS671a3f2fc6d0868f4e8ec41f.html#:~:text=Other%20than%20the%20new%20full,deeper%20cooperation%20with%20the%20group.
14. https://www.dw.com/en/brics-expansion-what-does-it-mean-for-africas-future/a-70590473
Please, like, comment, subscribe, and ring the bell! EVERYTHING helps us grow!.
Subscribe Here:
#blackhistory #africanhistory #africanews
Thanks For Watching Our Video ????
- Category
- BOOST YOUR BUSINESS WITH SYSTEME.IO
Comments