BRICS accelerates the creation of 'Global Pix' for member countries and increases tension with the USA.
The BRICS is moving quickly to develop a digital payment platform that has been dubbed 'Global Pix'. The aim is to create a payment settlement system that serves as an alternative to the traditional financial system dominated by the US dollar.
This initiative seeks to facilitate trade transactions among member countries (Brazil, Russia, India, China, and South Africa), using local currencies and avoiding dependence on Western financial intermediaries. The idea is to reduce costs, increase efficiency, and strengthen the economic autonomy of the bloc.
The implementation of a platform like this represents a significant step towards a new multipolar financial order and is already generating tension with the USA. The creation of an alternative payment system could potentially diminish the dollar's influence in international transactions and challenge American economic hegemony.