Ghormallah Al-Ghamdi’s Post

BRICS has announced a groundbreaking move: the creation of a payment system based on digital currencies and blockchain!💰 This game-changing initiative is poised to revolutionize global finance by reducing reliance on the US dollar and promoting greater financial independence among BRICS nations. With innovation as its driving force, this leap forward not only signifies a major advancement in technology but also underscores BRICS' commitment to shaping the future of international monetary systems. Stay tuned as BRICS leads the charge in driving innovation and collaboration in the world of finance! #BRICS #Blockchain #DigitalCurrency #FinancialIndependence #Innovation

BRICS Pay is a proposed payment system designed to facilitate cross-border transactions among BRICS nations, aiming to reduce reliance on the US dollar and offer an alternative to Western financial systems like SWIFT. It leverages blockchain and digital currencies to enhance transaction efficiency, security, and transparency. The system could potentially disrupt the dominance of the US dollar by enabling transactions in local or BRICS-specific currencies, thus promoting financial independence and reducing transaction costs for member countries. But USD is only becoming stronger #BRICS #USD #Blockchain #SWIFT

BRICS Eyes Payments System: A Challenge to Dollar Dominance? Interesting developments in the financial world! Earlier this month, news emerged about BRICS nations (Brazil, Russia, India, China, and South Africa) exploring a collaborative payment system. This system, built on blockchain technology, could potentially challenge the US dollar's stronghold on international transactions. The goals? Increased financial independence for BRICS countries and a more diversified global financial landscape. While details are still under wraps, this is a noteworthy development to watch. Could this be the beginning of a new era in international payments? #BRICS #financialtechnology #blockchain #internationalpayments

The future of global finance is evolving with BRICS embracing blockchain and digital currencies to enhance economic resilience and challenge traditional systems. Exciting times ahead for international trade! #BRICS #Blockchain #EconomicResilience

BRICS Explores Stablecoin Settlements 🌐💱 Russian Official Reveals Potential Financial Cooperation 🤝 'BRICS' potential adoption of stablecoins and CBDC platforms for international settlements, as disclosed by a Russian official. This move aims to foster financial cooperation among member countries and diversify settlement methods. Stay tuned for global finance updates! 💼💡 #BRICS #Stablecoins #CBDC #Cryptic #Blockchain #GlobalFinance 🌍

BRICS Block's Game-Changing 💥 Currency Revolution - Get Ready for an Economic Transformation! 🌍 Discover the latest updates on the BRICS Conference in Kazan, Russia, where the development of a common currency is a hot topic. Join us as we explore the potential use of blockchain technology and the impact it could have on the finance sector. Stay informed about the vision for a more balanced global order. https://lnkd.in/ecX7kENK #BRICSConference #GlobalCurrency #BlockchainTechnology #FinanceSector #BalancedGlobalOrder #BRICS #CurrencyDevelopment #EconomicImpact #DigitalFinance #FutureTrends #cryptonews #cryptonewstoday #cryptonewsalerts #cryptonewslive #cryptocurrencynews #cryptocurrencytrading #cryptopolitan

🚨 BRICS Unified Exchange May Use ‘Blockchain and Crypto’ 🚨 🌍Deputy Chairman Alexander Babakov has proposed a unified BRICS exchange that would leverage blockchain and virtual currency for inter-bloc settlements. This move could drastically reduce reliance on third-party payment systems, empowering member countries like Brazil, Russia, India, China, and South Africa to trade in their national currencies - and potentially create a new BRICS-wide virtual currency! This shift aims to enhance economic sovereignty and could disrupt the global dominance of the U.S. dollar in trade. 💥 Could this be the start of a new financial era? Source: https://lnkd.in/dAyW44wr 👀 #BRICS #Blockchain #Crypto #DigitalCurrency #TradeRevolution #GlobalEconomy #FinancialSovereignty

It became known that the #BRICS countries - #Brazil, #Russia, #India, #China and #SouthAfrica - confirmed their intentions to create their own payment system based on #digital #currencies and #blockchain technology. This decision was made on the basis of discussions and consultations at the XV #BRICS summit and represents a significant step towards strengthening financial integration between the participants of this international association.

"The EU's digital trade policy", briefing published in January 2024 by the European Parliament. 👇 This briefing highlights that #digitaltrade has emerged as a crucial component of the European Union's #trade #strategy and that each contemporary #trade deal finalized by the European Union encompasses a specific chapter on #digitaltrade. According to the briefing, the evolution of #digitaltrade stipulations within European Union #trade agreements mirrors the expanding significance of #digitalcommerce in the global #economy today. Link: https://lnkd.in/dCxTpPfb #web4 #web5 #fintech #digitalera #defi #cryptocurrency #digitalcurrency #virtualassets #digitalassets #virtualcurrency #digitaltransformation #blockchain #dlt #stablecoins #cryptoassets #web3 #tokenization #RWAs #NFTs #DAOs #RWAs #staking #mining #ZKPs #tokenomics #gamefi #lending #CEXs #DEXs #DePIN #LSTs

🌍 Exciting times in the world of global finance! The BRICS bloc has proposed its blockchain-based payment platform, heralding a transformative shift in how nations conduct transactions. With over 75% of countries—159 out of 195—embracing this innovative system, it's clear that the momentum is behind this initiative. This groundbreaking platform aims to enhance the economic influence of BRICS nations and offers a competitive alternative to established networks like SWIFT. As we witness the evolution of cross-border payments, this move could significantly reshape international trade and finance. 🔗 Let’s embrace this technological advancement and explore the potential benefits it brings to businesses and economies worldwide. The future of payments is here, and it's decentralized! #BRICS #Blockchain #Fintech #GlobalEconomy #Innovation #PaymentSystems, BRICS Chamber of Commerce & Industry, Future Blockchain Summit,