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Last updated: June 17, 2025, 23:10  |  Written by: Erik Voorhees

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The New Brics Payment System

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

Russia Outlines “BRICS Bridge” Digital Settlement Plans

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

Gathered Wednesday At A Summit

BRICS Nations Pushing Forward with Alternative Global Payment

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

BRICS Pushing Forward With Digital Cross-Border Payment

Keatinge Added

China backs Russia-proposed BRICS payment system

BRICS’ Game-Changing Blockchain Payment System: The Future of

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

Russia Is Spearheading Brics

BRICS Nations Unite to Challenge Western Financial

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

Erik Voorhees can be reached at [email protected].

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