Brazil to Propose Support for Blockchain Payment System for BRICS: Report

Brazil to Propose Support for Blockchain Payment System for BRICS: Report

ByNews Polite

#news #newstoday #tech #technews #latestnews #techupdates #newsupdates Brazil is reportedly working on a proposal to create a blockchain-based payment system for internal use by the BRICS economic bloc. The group has been discussing ways to reduce reliance on the US dollar for internal cross-border transactions since 2024. Brazil, Russia, India,…

BRICS’ Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump

BRICS’ Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump

ByNews Polite

The BRICS nations are planning to launch a digital assets platform for internal cross-border settlements, a move that seems to have angered the US President-elect Donald Trump. Over the weekend, Trump warned BRICS countries, including India, to prepare for a 100 percent increase in tariff rates if they continue efforts…

BRICS Nations Plan to Create Payment Network Backed by Digital Currencies in Quest of De-Dollarisation: Report

BRICS Nations Plan to Create Payment Network Backed by Digital Currencies in Quest of De-Dollarisation: Report

ByNews Polite

Brazil, Russia, India, China and South Africa – the five nations that constitute the BRICS group – are trying to reduce their dependency on the US dollar. To bring this wave of de-dollarisation into effect, the BRICS group is planning to develop a digital payment network, backed by digital currencies….