‘BRICS Pay Unveils Blockchain Payment System’
🔴 MAJOR WIN: BRICS Pay Digital Blockchain Payment System Launched
Blockchain technology continues to revolutionize the world of finance, and the latest milestone in this ongoing journey is the launch of the BRICS Pay Digital Blockchain Payment System. This groundbreaking system aims to enhance cross-border transactions for the five major emerging economies: Brazil, Russia, India, China, and South Africa (BRICS). With the potential to transform international payments, this digital currency platform is poised to significantly impact global trade and finance. In this article, we will explore the key features and implications of the BRICS Pay Digital Blockchain Payment System, as well as delve into the latest digital currency reports.
What is the BRICS Pay Digital Blockchain Payment System?
The BRICS Pay Digital Blockchain Payment System is a cutting-edge platform that harnesses the power of blockchain technology to enable efficient cross-border transactions among the BRICS nations. By utilizing a decentralized ledger system, this payment system provides enhanced security, transparency, and speed in conducting financial transactions.
How does it work?
The BRICS Pay Digital Blockchain Payment System utilizes a digital currency, known as BRICS Coin, which is specifically designed for seamless transactions among the member nations. The blockchain technology ensures that every transaction is recorded in a secure and immutable manner, eliminating the need for intermediaries and decreasing transaction costs. Users can transfer funds instantly and securely, while also enjoying the benefits of reduced bureaucracy and enhanced privacy.
What are the advantages of the BRICS Pay Digital Blockchain Payment System?
1. Increased speed: Traditional cross-border transactions often take days or even weeks to settle. With the BRICS Pay Digital Blockchain Payment System, transactions are processed in real-time, providing users with almost instantaneous transfers.
2. Enhanced security: The decentralized nature of blockchain technology ensures that every transaction is encrypted and stored across multiple nodes, making it virtually impossible for fraudulent activities or data breaches to occur.
3. Lower transaction costs: By eliminating intermediaries and streamlining the payment process, the BRICS Pay Digital Blockchain Payment System significantly reduces transaction costs, benefiting both individuals and businesses.
4. Improved transparency: All transactions conducted on the platform are recorded on the blockchain, providing complete transparency and traceability. This enhances accountability and reduces the risks associated with money laundering and illicit financial activities.
What are the implications of the BRICS Pay Digital Blockchain Payment System?
The launch of the BRICS Pay Digital Blockchain Payment System has far-reaching implications for global trade and finance. Here are some of the key implications:
1. Strengthening economic ties: The BRICS countries are major players in the global economy, and this payment system will further strengthen their economic cooperation. It will facilitate seamless trade and financial transactions, opening up new avenues for collaboration and growth.
2. Reducing reliance on traditional financial systems: The BRICS Pay Digital Blockchain Payment System provides an alternative to the traditional banking system, which is often burdened by excessive bureaucracy and high transaction costs. This system empowers individuals and businesses to transact directly, bypassing the traditional intermediaries.
3. Driving digital transformation: The launch of this blockchain payment system demonstrates the commitment of the BRICS countries to embrace digital transformation. It paves the way for the adoption of blockchain technology in various other sectors and encourages the development of innovative solutions.
Digital Currency Reports and Future Prospects
According to recent digital currency reports, the global adoption of blockchain technology and digital currencies is on the rise. The launch of the BRICS Pay Digital Blockchain Payment System is a testament to the growing acceptance and recognition of the potential of these technologies.
The reports also highlight the potential benefits of digital currencies, such as increased financial inclusion, reduced transaction costs, and enhanced transparency. However, they also point out the challenges and regulatory considerations that need to be addressed to ensure the responsible and secure implementation of digital currencies.
In conclusion, the launch of the BRICS Pay Digital Blockchain Payment System is a major win for the global financial landscape. It represents the commitment of the BRICS countries to harness the power of blockchain technology for cross-border transactions. With its numerous advantages and implications, this digital currency platform has the potential to revolutionize international payments and reshape the global economy.
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Interesting
Interesting….thanks for the info, keep up the good work
Another great news South Africa is starting to drill for gas & oil 👏🏿👏🏿
Can citizens apply for a card to use ,buy and sell Yuan?.
HI, THANKS 🙏🙏🙏 FOR YOUR SUPPORT!!!
id love to participate to to battle swift competition is good.
Won't be long before the US really starts throwing its toys out of the pram. Biden speared the dollar through the foot of America
This must be sending shock waves through the US financial system. They asked for it – they weaponized the dollar, not to mention printing endless quantitites of it, and they should not be surprised that the countries they have tried to extort with their paper are dropping it like a hot potato. This happening faster than we thought.
Which blockchain? Which crypto currency? XRP? XDC?
Lena Petrova's analysis invariably reflects an ability to think clearly and constructively. I have watched several of her posts. Thank you, Lena!
I'm really surprised that the Standard Chartered bank in UK had also speed the BRICS coin. That's quite shocking and a great news
Just about attacking America. Nothing more to it.
❤👍
What are they using as a bridge currency, could it be xrp or xlm?
BRICS PAY comes just in time. US Treasuries has gone from safe haven asset to risk asset. Banks, even the Federal Reserve sit on huge mark-to-market bond losses. Depositors and bond investors face a mountain of worry. Equity investor saw Tesla fall 20% in just 2 days after an earning call in spite of record sales. Other hot tech stock face similar correction. Gold is surging. Being in dollar is tough.
Good luck BRICS, we need competition and fairness in the world.
Thank you for this information. It looks as if the oil business has a major change with china becoming the largest consumer of oil. With BRIC’s having this network of payment and the OPEC joining their system the price of crude will be regulated by them. We should expect much higher oil prices and maybe shortages. Our country may have to start using our own oil again and actually operate more refineries. The sanctions that our government imposed on others will differently not be a threat any longer. In fact it might be a moved that used on our country. Things are changing and the world no longer considers the US a superpower.
Is this the advent of the QFS? INTERESTING.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol
US hegemony is going down. Too bad. But good for the world.
Is BRICS Pay live or still under development? I went to their website, and couldn't tell for sure. If it is live, do you have any examples of actual use, e.g. purchase of oil between BRICS countries?
Being a third world country and forging an alliance with the BRICS,
particularly with Russia or China is like
taking a prescription of dictatorship for life,
which Putin and Xi jinping have been enjoying,
since they took power with an iron fist.
After the collapse of the Soviet Union and communism in the early 90s,
the Third World countrie’s people including the people of Russia and China have been expecting more freedom and democracy.
Unfortunately only few Third World countries and few former Soviet republics have benefited from post communist rule and dictatorship
and held free and fair elections to elect a president in Africa, Asia and South America,
where the people of Russia and China have yet to see the test of freedom and democracy.
The emergence of BRICS puts that hope of the people for freedom and democracy in jeopardy in the foreseeable future,
particularly those in the Third World, former Soviet republics controlled by Putin and middle eastern countries.
BRICS is a new dawn for the existing dictators like the Assad of Syria,Museveni of Uganda and the Eritrea’s Isaias, and many more in Africa,
and future dictators to enjoy that prescription of dictatorship for life.
It’s also a signature for China to have access to the natural resources like oil, gold and diamonds of those countries,
in exchange of multi billion dollars infrastructure investment built by China
, so China could be the lienholder of the country, until the debt is paid, and make the country a dumping ground of its factories merchandises
and have a government of its choice by corruption to protect its interests.
Some countries like Sri Lanka and the Republic of Djibouti who have accepted the multi billion infrastructure deal from China
are in bankruptcy and have to choose between paying the Chinese debt or the civil servants salary.
Joining BRICS is also to give permission to the Russian mercenaries, Wagner, former convicts to
guard , steal and exploit the African natural resources like gold and diamonds ,
Wagner currently guard Central Africa Republic diamond mining ,
where there has been reports of crimes against humanity committed by the Wagner Group.
There is a suspicion that the Wagner Group might have been behind the coup plot
against the democratically elected president Mohamed of Niger,
where the late head of the Wagner Group had congratulated days later the perpetrators of the coup.
Africa is offering all that to the Wagner mercenaries and China in exchange for Wagner and China to protect and keep the African dictators in power for another thirty years.
The West left Africa sixty years ago, after Africa gained its independence,
but what did Africa get in return,
a dictator of its own and color who is worse than the West.
Today the West is not holding a gun to the heads of African dictators to give them orders,
but the dictators of Africa have been holding guns to the heads of the African people since Africa gained its independence so they could stay in power as long as they want,
and steal as much as they could the IMF loan and money donated by donor countries,
while most of the African people are starving and
thousands die every year in the high seas in search of better life before they reach Europe or the West.
Today the only message from the West to the African rulers is good governance and transparency.
We will wait and see how long it takes for the African oppressed people by the dictators to hit the high seas in search of better life in the BRICS,
where racial discrimination and name calling against the black peoples has been at its worst level in the last three decades.
MA Samatar
Block chain is a new way to control you and everything you do. It’s a sign of the last days.. Trust Jesus, time is short!
❤️
Correctly described, as YouTube blocked my comments against the truth of ethical sharing awareness of needs to know topics not told by our Western media known for anti family agendas which proves worse results as many studies have proved.
It's about time!
Congratulations great job
God bless BRICS to create an alternative to mafia US financial system
WELCOME TO BRICS PAY
A PAYMENT THAT REDUCES WARS, SLAVERY, EXPLOITATION, TORTURE, SANCTIONS, BULLING, SUPPRESSION ….
Is this launched by the New Development Bank, or just another crypto currency?
Is this bad for tge wef they wabt to use something else if so then i like brucs
BRICS > Bitcoin, crypto, US Dollar
What do you Bitcoin, crypto, and US Dollar all have in common? They're based on Western institutes and power.
Tanks God, America is not in it.
They have to sanction Jamaica, or taxes.
👏👏🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️‼️👍👍
Brics ❤❤❤❤❤
Breadth of fresh air
I was made to believe that the stock market was a rich man’s game but I’ve been around long enough to truly taste just how profitable it can be, with the current rate of inflation these are desperate times, but in my opinion there’s no market condition a proper financial advisor can’t scale through.
Think many people elogiated you Lena. Good job, wellcome BRICS!
Very good news for the world, thanks for telling us!!!😊
Wow Lena, this really is a big deal now it’s starting it makes it more real😂. What’s the chance of France getting the go ahead?
I hope Great Zimbabwe joins BRICS
не самого себя, нет пользы в размышлениях о плероме.
Я сказал вам это, чтобы освободить вас от заблуждения, что мы можем думать о плероме. Когда мы различаем качества плеромы, мы говорим с позиции нашей собственной уникальности и о нашей собственной уникальности. Но мы ничего не сказали о плероме. О нашей собственной уникальности, однако, нужно говорить, чтобы мы могли достаточно различать себя. Наша самая сущность – это уникальность.
Если мы не верны этой природе, мы не достаточно различаем себя. Поэтому мы должны делать различия качеств,
В чем вред, спрашиваете вы, в неразличении себя? Если мы не делаем различий, мы выходим за пределы нашей собственной природы, удаляемся от создания. Мы попадаем в неотличимость, которая является другим качеством пиромы. Мы падаем в плерому саму по себе и перестаем быть созданиями. Нас отдают на растворение в ничто. Это смерть создания.Поэтому мы умираем в той мере, в которой мы не делаем различий. Отсюда естественное стремление создания идет к уникальности, борется против первобытного, опасного однообразия.
называемый PRINCIPIUM INDIVIDUATIONIS.
Этот принцип является сутью создания. Отсюда вы можете увидеть, почему неотличимость и неразличение представляют большую опасность для создания.
Мы должны, следовательно, различать качества плеромы. Качества являют⬤
❤❤❤
You thought inflation was bad? Wait until that 33 trillion dollars come back from amongst the world 🌎, hyperinflation overnight
Thank you, Lena! Do you know which DLT Brics Pay uses?
Great job, thank you once again
Thanks, just having the choice of an alternative to SWIFT is a step in the right direction for so many countries and organisations.