BRICS Pay: Exclusive Video of New Payment System Released
The BRICS alliance unveiled a new payment system that bypasses the US dollar for all trade and transactions. The system, called ‘BRICS Pay,’ is a type of credit and debit card that seamlessly transfers money in real-time without the need for the SWIFT messaging system and the US dollar. The alliance released an exclusive video on how the BRICS Pay system works highlighting its importance. Participants in the BRICS Business Forum got to test the new payment technology and understand the way it functions. Also Read: 35 New Countries To Abandon US Dollar at 2024 BRICS Summit Watch the exclusive video below, which was shared by the bloc, on how the BRICS Pay system works. JUST IN: Participants at the BRICS Business Forum test new payment system 'BRICS Pay.' pic.twitter.com/9jBPbYdcDL — BRICS News (@BRICSinfo) October 18, 2024 The video shows the BRICS Pay card equipped with 500 rubies that can be used for payment in three locations at the World Trade. The card could soon be activat...