Tag: BRICS

The BRICS nation bloc—Brazil, Russia, India, China, and South Africa—has officially launched its highly anticipated cross-border payment system, "BRICS Pay." The blockchain-based platform, designed to streamline transactions among member nations, was unveiled on October 17 at the ongoing BRICS Business Forum in Moscow. Attendees at the event were given demo ...

A senior Russian official has reportedly stated that the BRICS coalition, made up of Brazil, Russia, India, China, and South Africa, should work together to create a new currency that benefits its member countries and dampens the US dollar's prevailing influence on global trade. According to the report, Alexander Babakov, ...