BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says

Quick Summary:

The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed.

The initiative, named BRICS Bridge, aims to establish an independent financial system.

This system could mitigate dependency on Western institutions, especially amid sanctions and Russia’s SWIFT disconnection.

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: Japan

Topics: Swift Matviyenko Babakov Digital Platform Finance Payment Brics Rudenko Sanctions Featured

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 22:16:13 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 21909279

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 15 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

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Publication Timezone: GMT +8:00

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Publisher ID: #62

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