by Mike Maharrey, Gold Seek:
In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain.
This sets the stage for further de-dollarization and could further undermine the status of the dollar as the global reserve currency.
“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain.”
Ushakov said the system should be convenient for governments, businesses, and common people to use, “as well as cost-effective and free of politics.” And significantly, without dollars.