Suche
Mein Konto
China reveals: Historic BRICS step towards new payment system!
Xi Jinping announces the new payment system to promote economic autonomy at the 2024 BRICS summit.
China reveals: Historic BRICS step towards new payment system!
In a spectacular move at the BRICS summit in 2024, Chinese President Xi Jinping shook the financial world. The introduction of the BRICS' revolutionary payment system could fundamentally change the global financial balance. Surprising? No. With his announcement, Xi Jinping called on the BRICS countries to take a leading role in reforming the international financial architecture, a clear blow to the West.
This isn't just another meeting! With the historic expansion that brought four new nations into the ranks of the BRICS last year, the alliance is now taking the next big step towards economic autonomy. The days of US dollar dominance may be numbered. At the summit, the bloc unveiled the latest innovation in its arsenal: the blockchain-based BRICS Pay system. This system offers member countries the opportunity to bypass Western institutions and use their own currencies for trade.
BRICS: A financial giant awakens
The unveiling of BRICS Pay at the bloc's economic forum in Moscow was just a taste of what's to come. Participants got their first glimpse of their new weapon: BRICS Pay demo cards, packed with digital funds. This is more than a system, it is a symbol. A symbol of the rise of a multipolar financial system that challenges the dominant dollar dependence. Xi Jinping's message is loud and clear: the BRICS are ready to take the stage in the global financial concert and play their tune.
Why is this all so important? The power of the BRICS payment system lies in its ability to bypass established platforms such as SWIFT. For the bloc's members, this means greater control and flexibility in international trade. It is an economic revolution with enormous potential. President Xi put it clearly: “There is an urgent need to reform the international financial architecture,” adding that the BRICS must lead the way in this reform. The world had better watch out, because the BRICS are serious!