BRICS member states to consider creating common digital payment platform

Tass ^ | 2/28/24 | Tass

[hardspunned]

MOSCOW, February 28. /TASS/. The Russian Finance Ministry together with the Bank of Russia and BRICS partners will prepare a number of initiatives to improve the international monetary and financial system, which will focus in particular on the issue of creating the BRICS Bridge multisided payment platform, according to files published following the first meeting of BRICS finance ministers and central banks governors in Sao Paulo, Brazil.

"By the end of the year, the Russian Finance Ministry and the Bank of Russia together with partners within the [BRICS] association will draft a report for the leaders of the BRICS countries on improving the international monetary and financial system, which will contain a set of initiatives and recommendations. Developmental work based on the report will result in a number of practical initiatives, with the BRICS Bridge platform potentially becoming one of them. The issue is about creating a multisided digital payment platform. It will help bring the financial markets of the BRICS member states closer and increase mutual trade turnover," according to files released on the ministry’s website.

[hardspunned]

Finally! Results from the NATO sanctions against Russia.

[MMusson]

Not exactly digital payments. It will have to be a gold backed digital clearing house where payments are cleared reallocating physical gold ownership from one country to another.

[Tell It Right]

It'll be China backed. BRICS stands for

Be
Ready for
Intense
Chinese
Sabatoge

[Ciexyz]

Changes are coming. It’s the way of the world.

[Renfrew]

The BRICS club was created by Goldman Sachs. It serves their interests and no one else.

[devere]

BRICS are a group of scorpion nations who don’t trust each other. The idea of them cooperating to make a new currency is laughable.

[MeganC]

Great news! Russian cybercriminals will be able to rip off whole new populations of victims!

[wildcard_redneck]

The SWIFT payment system is totally controlled by America and nobody likes a monopoly, especially when it is used as a weapon against you over and over. BRICS only arose due to the political abuse of the system by the west.

[DoodleBob]

BRICS are a group of scorpion nations who don’t trust each other. The idea of them cooperating to make a new currency is laughable.

[guest7]

"Finally! Results from the NATO sanctions against Russia."

"BRICS member states to consider creating common digital payment platform..."

[hardspunned]

Ever see a jar with 35 trillion of those IOUs in it?

[hardspunned]

Yes, gold backed has been the strategy of these efforts to defend the BRICS world from the West.

[hardspunned]

Yeah, right! Funniest thing I’ve read today.

[hardspunned]

Snicker

[mac_truck]

The BRICS club was created by Goldman Sachs. It serves their interests and no one else.

😂 😂😂

[teeman8r]

any monetary system based on Chinese economics is doomed to fail because of the dishonesty in the system...

US dollar is suffering because of the dishonesty in our system... one man will turn that around and unleash an economic powerhouse... it isn’t sleepy joe.

[canuck_conservative]

BRICS are a group of scorpion nations who don’t trust each other. The idea of them cooperating to make a new currency is laughable

LOL Quote of the Day!!

BRICS is nothing more than a talk-shop, and always will be

In the meantime, serious countries will continue to use genuine hard currencies like the US dollar, Euro, etc.