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Last updated: June 18, 2025, 10:47  |  Written by: Brock Pierce

Algorithm Has Provided
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The New Brics Payment System

Gathered Wednesday at a summit in the Russian city of Kazan, the members of BRICS adopted a joint declaration calling for the creation of an independent payment

The new BRICS payment system, primarily initiated by China and Russia, also known as “BRICS Pay,” is a planned independent and decentralized payment messaging

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Russia Is Spearheading Brics

Russia is spearheading BRICS’s push for a cross-border payment system using national currencies and digital assets. The initiative aims to strengthen BRICS’s financial

China backs Russia-proposed BRICS payment system

BRICS Pushing Forward With Digital Cross-Border Payment

Russia Has Been Pushing Particularly

Russia has been pushing particularly hard for the BRICS bloc to consider an alternative payment network to replace the dollar-denominated SWIFT system. It's an

Keatinge added, however, that the new infrastructure would not be able to easily replicate the stability, liquidity and convertibility of the U.S. dollar that a number of

Brock Pierce can be reached at [email protected].

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