BRICS Announces New Blockchain-Based Crypto Payment System.

BRICS countries (Brazil, Russia, India, China, and South Africa) are developing a blockchain-based payment system that aims to be independent of politics and not depend on national agendas or global fiat currencies. The system intends to utilize digital currencies and blockchain technology, focusing on enhancing the role of BRICS in the international monetary system and reducing their reliance on the U.S. dollar.

March 05, 2024
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