BRICS PAY: BRICS to Launch a New Payment Sysytem
BRICS is considering launching the BRICS payment system, an alternative to SWIFT, based on blockchain technology and backed by gold, It will further accelerate the de-dollarization process. Let's find out answers to some of the questions related to the BRICS payment system and the US dollar.
Why is BRICS launching its own payment system? Why are the countries moving away from the dollar? Why is BRICS speeding up the de-dollarization? What are the main reasons behind the De-dollarization?
What are the ramifications of de-dollarization? What happens if the demand for dollars drops? What happens if BRICS nations and other countries decide, they don’t want to hold dollars anymore?
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Narrated and produced by Mohit
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