Search
Checkmate: How Adopting a BRICS Payment System Might Erode the Dollar’s Dominance in Trade Markets
14.4.2025
Several international analysts examined how the introduction of a BRICS international payment system might affect the current use of the U.S. dollar in trade. Experts cited sanctions evasion, cost reduction, and transaction confidentiality as the main advantages of this system compared...
Russia to Launch Unified Facial Payment System
23.1.2025
Russia will have a unified facial payment system by the second half of 2025, aiming to onboard millions as non-card payment systems gain preference. Sber and NSPK, which operates the Mir card payment system, will join forces to establish standards and achieve interoperability. Sber and NPSK Join...
Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System
18.1.2025
Russia and Iran are forging a confidential financial system to replace SWIFT, signaling a bold move to bypass Western dominance and reshape global economic power dynamics. Russia and Iran Deepen Ties in Push to Abandon SWIFT Completely Russia and Iran are collaborating to establish a secure...
Dedollarization Advances: Russia and Myanmar Discuss National Currency Payment System
15.1.2025
Efforts to trade using national currencies are intensifying, as nations aim to reduce reliance on the U.S. dollar and Western financial systems while boosting economic independence. Russia’s Plans for National Currency Payment Systems Signal Declining Dollar Use Countries worldwide...
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that will let crypto holders make direct purchases using their account on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
KuCoin introduces new crypto payment system for exchange users
2.1.2025
KuCoin has introduced a payment system that lets crypto holders make direct purchases using their accounts on the trading platform
Russian Official Declares BRICS Payment System a Real Alternative to US Dollar
19.12.2024
A top Russian official has declared plans for a BRICS payment system “not hypothetical,” signaling a shift toward reducing reliance on the dollar through alternative financial mechanisms. A New Era? Russia Claims Feasibility of BRICS Payment Network Russian Deputy Foreign Minister Sergey Ryabkov...
African Payment System Gets Banker’s Endorsement, but Viability Questions Linger
8.11.2024
The Pan-African Payments and Settlements System aims to formalize $50 billion in informal trade and save the continent $5 billion in processing costs. Boosting Local Currencies Africa’s recently launched Pan-African Payments and Settlements System (PAPSS) could potentially bring $50 billion...
BRICS, SCO Align on Unified Payment System to Reduce Dollar Reliance
29.10.2024
The Shanghai Cooperation Organization (SCO) is advancing talks on a unified payment system to increase national currency use, aligning with BRICS efforts to counter Western economic dominance. A New Era? SCO’s Talks on Unified Payment System Revealed Shanghai Cooperation Organization (SCO)...
Latam Insights Encore: Brazil’s Determination to Build a New Financial System Will Guide BRICS Toward a Common Currency Agreement
28.10.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how Brazil’s firm determination to push the world toward a multipolar financial system can pay off in the long term. As the next...
BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
26.10.2024
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able to deliver financial messages. BRICS Proposed...
BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control
26.10.2024
Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective” global framework. BRICS Partners Support Russia’s Plan for a New Payment System Russian Deputy Finance Minister Ivan Chebeskov announced that...