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BRICS, SCO Align on Unified Payment System to Reduce Dollar Reliance

BRICS, SCO Align on Unified Payment System to Reduce Dollar Reliance

The Shanghai Cooperation Organization (SCO) is advancing talks on a unified payment system to increase national currency use, aligning with BRICS e...
Oct, 29, 2024
by Bitcoin News
BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages

BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages

The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Silu...
Oct, 26, 2024
by Bitcoin News
BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control

BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control

Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective”...
Oct, 26, 2024
by Bitcoin News
Russia Vows to Launch Domestic Payment System to Render Western Sanctions Obsolete

Russia Vows to Launch Domestic Payment System to Render Western Sanctions Obsolete

Russia is determined to create a domestic payment system to conduct trade and international transactions free from current disruptions. Mikhail Mis...
Oct, 20, 2024
by Bitcoin News
BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements

BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements

Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment...
Apr, 23, 2024
by Bitcoin News