The BRICS economic bloc, which brings together Brazil, Russia, India, China, South Africa, and new members like Egypt, United Arab Emirates, Ethiopia, Iran, and Indonesia, took a significant step to reduce dollar dependency in international trade. During a virtual summit, the group officially launched a digital payment system inspired by Brazil’s successful Pix instant payment platform. This new system integrates blockchain technology and local currencies, with Brazil playing a central role in its development and implementation.
Brics Launches Payment System Inspired by Pix to Reduce Dollar Dependency
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