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kevskewl 1y ago

They've been at it for a decade or so now.

September 17, 2024 - BRICS is working towards the creation of a new payment system without the integration of the US dollar in its mechanism, confirmed Russian Foreign Minister Sergey Lavrov. The minister added that the new payment system will not only be used to settle cross-border transactions, it will act as a complete financial set-up.

BRICS Makes Major Announcement On New Payment System

https://watcher.guru/news/brics-makes-major-announcement-on-new-payment-system

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Discussion

Angry Bird 1y ago

They decided to switch to crypto because any payment system (like MIR or Golden Crown from Russia) is easily blocked by sanctions. BRICS members will not risk trading with Russia or Iran even if this payment system works better than SWIFT.

kevskewl 1y ago

M-bridge genius and at some point Bitcoin either way the West is toast, that's obvious to anyone not in LaLa land.

Everything is changing, embrace it.

Angry Bird 1y ago

From perspective of bitcoin every fuckin fiat is toast. It's not about USD or West culture ending, relax, mate