Romeo Full Staff

Awake-in-3D: What is the New BRICS Pay Initiative?


What is the New BRICS PAY Initiative?On January 9, 2024By Awake-In-3D“BRICS Pay” is an ambitious initiative by the BRICS nations (Brazil, Russia, India, China, and South Africa) aimed at establishing a cross-border payment system to enhance financial cooperation within the bloc. Focused on facilitating transactions in local currencies and reducing reliance on dominant global currencies like the U.S. dollar, BRICS Pay intends to integrate modern financial technologies, including blockchain and digital currencies, to streamline and secure transactions. BRICS Pay represents a significant step by the BRICS nations towards creating an independent financial ecosystem that supports their currency, economic and geopolitical…

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