this post was submitted on 26 Jul 2024
56 points (96.7% liked)

World News

32316 readers
977 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] yogthos@lemmy.ml 5 points 3 months ago (1 children)

That's some adorable coping right there.

[–] pingveno@lemmy.ml -2 points 3 months ago (1 children)

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.

[–] yogthos@lemmy.ml 6 points 3 months 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.