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Implausible Deniability 1y ago

#BRICS takes a stand against dollar dominance with a bold move: BRICS Pay.

This new payment system is being tested right now at the BRICS Business Forum in Moscow, just ahead of next week's BRICS Summit in Kazan.

Straight from the BRICS website:

"BRICS Pay could be the foundation for nations seeking true sovereignty—financial, political, energy, food, and more. Full control over resources is key to independence."

They’re also talking about "The Unit," a new currency, and BRICS CLEAR, a digital settlement system for cross-border transactions.

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e1
BOL 1y ago

Even if it proved to be an honest measure, there is no way most westerners will have the option to use this...

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Implausible Deniability 1y ago

I don't see why not. At first if you're traveling exchange your westerner currency for a refill card at an exchange.

e1
BOL 1y ago

I'm talking about using like a personal, no trusted third-party savings account ... Not that western govs are friendly towards bitcoin either....

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Implausible Deniability 1y ago

Oh no that will never happen. Government issued currencies will always use a third party. Took me some time to appreciate why but I do see the importance of some oversight over where and how a trade currency per nation is used. That's why btc is important as well, to me btc is a currency for people to people but it won't eliminate government issued transactions for really big things.

e1
BOL 1y ago

Game theory in action