• pingveno@lemmy.ml
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 month ago

      Oh? Do you know details on how it’s going to work? All I can find is the BRICS Pay site with a very high level overview. They’re talking a big game, but as of now all that seems to be public is just talk.

      • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
        link
        fedilink
        arrow-up
        7
        ·
        1 month ago

        Every indication that it’s going to work in style of Bancor, and it’s not a difficult thing to implement. It’s also very obvious that there is a huge incentive to create an alternative to SWIFT now with US being belligerent towards all the major countries that form BRICS. If you don’t understand that BRICS will have its own system of settlement in short order then you’re going to be in for quite the surprise.