At BRICS they ask which payment system to use?
Crypto and blockchain in the spotlight!!
The BRICS countries ( Brazil, Russia, India, China and South Africa ) will be engaged in the implementation of a payment system based on crypto and blockchain technology, as reported by the Russian news agency TASS.
Last week, another TASS report stated that the Russian Ministry of Finance, the Bank of Russia and BRICS partners will create the BRICS Bridge multilateral payment platform in a bid to improve the global monetary system.
Klaas Knot, chairman of the Financial Stability Board, which keeps an eye on the global financial system, wrote to finance ministers of the Group of 20 (G20) countries that cryptocurrencies, tokenization and artificial intelligence (AI) remain priorities .
