With the official BRICS summit underway, taking place in Kazan, Russia, a new alternative payment system has garnered a lot of buzz as a decentralized, blockchain-based payment platform that will allow users to pay digitally while also circumventing the use of the U.S. dollar.

BRICS Pay, which has been in existence for a number of years now, has recently gone through a bit of a rebranding phase and has regained greater points of use ahead of the annual BRICS summit.

Coin Trust reported:


BRICS Pay is a digital payment system designed to facilitate faster and more secure transactions among the BRICS countries. Built on blockchain technology, the platform promises to offer a more efficient and transparent alternative to traditional banking methods.

With the ability to send and receive money quickly and securely, BRICS Pay is expected to benefit both businesses and individuals looking to engage in cross-border trade within the BRICS nations.

One of the primary advantages of this new system is its potential to reduce the reliance of BRICS countries on the U.S. dollar, which remains the dominant currency in global trade. By allowing transactions to be settled in local currencies through BRICS Pay, the member nations could achieve greater financial independence. This shift would not only reduce their exposure to dollar fluctuations but also strengthen their respective economies by encouraging the use of their own currencies in international trade.


This resource encapsulates the collective expertise of BRICS Business Council members from various nations, including those yet to formally join BRICS+ but committed to contributing to a new global financial and payments architecture within the BRICS+ framework

BRICS Pay says on its website

The WinePress reported on BRICS Pay around this same time last year, but at the time the developers behind BRICS Pay explicitly stated that their platform was designed to facilitate CBDCs and tokenized assets.

BRICS PAY set benefits from a combination of traditional payment systems and new technologies such as central bank digital currencies (CBDC), decentralized finance, and tokenized assets (secured money). BRICS PAY is an expansion of payment options for companies and citizens of participating countries, as well as for the entire world and all existing or emerging payment solutions.

The website once said

SEE: Russia Expedites Digital Ruble CBDC By 2025, Forces Large Banks To Use It

BRICS Pay is similar to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network. BRICS Pay encourages the use of local currencies and national digital assets, which reduces dependency on Western-dominated financial institutions.

A demonstration as to how the app works and how one can sign-up for the application can be be seen here:

Russian President Vladimir Putin has said BRICS is not yet ready for a unified BRICS currency. “As regards the common BRICS currency, we do not consider this issue at the moment; it is not mature. We should be very careful; we need to act gradually, without haste in this regard,” Putin said, as reported by TASS.


AUTHOR COMMENTARY

I find it interesting that BRICS Pay has removed the fact that their network is meant to a support CBDCs and tokenization. Why the change? I mean, it’s not like BRICS nations have hidden the fact that they are all-in and actively working on CBDCs, so why now leave this functionality out?

Even though the world may be de-dollarizing and moving into multipolarity, nations are still coming out with CBDCs and tokenization. Follow the money.

Ecclesiastes 10:19 A feast is made for laughter, and wine maketh merry: but money answereth all things.

On top of this, the underlying globalization agenda still in tact; still following the satanic guidance of the United Nations and their Sustainable Development Goals, among other things. This was made evident during a BRICS summit earlier this year where member states pledged their continued allegiance to fulfill the 17 SDGs.

SEE: End Of Empire: 59 Nations Seek BRICS Membership, As Leaders Further Quest To De-Dollarize And End US Hegemony At BRICS Summit


[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.

CLICK HERE TO DONATE

1,004 Comments

  • Good V I should definitely pronounce, impressed with your website. I had no trouble navigating through all tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your customer to communicate. Nice task..

  • I do believe all the concepts you’ve introduced to your post. They’re really convincing and will definitely work. Nonetheless, the posts are too quick for beginners. May you please prolong them a bit from next time? Thanks for the post.

  • hello there and thank you for your info – I have definitely picked up something new from right here. I did however expertise some technical issues using this web site, as I experienced to reload the web site a lot of times previous to I could get it to load properly. I had been wondering if your web host is OK? Not that I’m complaining, but sluggish loading instances times will often affect your placement in google and could damage your high-quality score if ads and marketing with Adwords. Well I’m adding this RSS to my email and could look out for much more of your respective fascinating content. Ensure that you update this again soon..

  • At FlashmanFix, we pride ourselves on delivering the best phone repair in Singapore, combining high service standards with fast turnaround times. From screen replacements and battery changes to motherboard repairs, our expert technicians ensure every repair meets strict quality checks. We use only quality-tested parts, offer a 3-month warranty, and provide clear, upfront pricing so you can trust us with your device. Whether you own an iPhone, Samsung, Huawei, or Xiaomi, we are committed to giving you reliable, efficient, and affordable mobile repair services across all our outlets islandwide.

  • Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!

  • Very well written post. It will be beneficial to anybody who utilizes it, including me. Keep doing what you are doing – i will definitely read more posts.

  • My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on a variety of websites for about a year and am concerned about switching to another platform. I have heard great things about blogengine.net. Is there a way I can transfer all my wordpress posts into it? Any kind of help would be greatly appreciated!

  • Can I simply say what a aid to search out someone who really is aware of what theyre speaking about on the internet. You positively know methods to bring a difficulty to gentle and make it important. More individuals have to read this and understand this aspect of the story. I cant believe youre not more fashionable since you undoubtedly have the gift.

  • I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  • Wonderful work! This is the type of information that should be shared around the internet. Shame on Google for not positioning this post higher! Come on over and visit my website . Thanks =)

  • Once I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a remark is added I get 4 emails with the same comment. Is there any manner you can take away me from that service? Thanks!

  • You are my inhalation, I own few web logs and very sporadically run out from post :). “Analyzing humor is like dissecting a frog. Few people are interested and the frog dies of it.” by E. B. White.

  • This is really interesting, You are an overly professional blogger. I’ve joined your rss feed and stay up for in search of extra of your magnificent post. Additionally, I have shared your website in my social networks!

  • Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!

  • I must express some appreciation to you just for bailing me out of such a problem. Right after scouting through the the net and getting recommendations which are not productive, I believed my life was over. Living devoid of the solutions to the issues you’ve fixed all through your guideline is a serious case, and the kind that might have negatively damaged my entire career if I had not encountered your site. Your actual knowledge and kindness in taking care of the whole lot was tremendous. I am not sure what I would have done if I hadn’t come upon such a solution like this. It’s possible to now relish my future. Thanks for your time very much for the specialized and results-oriented help. I won’t be reluctant to suggest the sites to anyone who requires guide on this area.

  • I simply could not leave your site before suggesting that I actually enjoyed the usual information a person provide on your visitors? Is going to be back often to investigate cross-check new posts

  • hello!,I like your writing so much! share we communicate more about your article on AOL? I require an expert on this area to solve my problem. Maybe that’s you! Looking forward to see you.

  • Hello, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you prevent it, any plugin or anything you can advise? I get so much lately it’s driving me insane so any support is very much appreciated.

  • Hello, i think that i saw you visited my web site so i came to “return the favor”.I am trying to find things to improve my website!I suppose its ok to use some of your ideas!!

  • Undeniably believe that which you said. Your favorite justification seemed to be on the net the simplest thing to be aware of. I say to you, I definitely get annoyed while people think about worries that they just don’t know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side-effects , people could take a signal. Will probably be back to get more. Thanks

  • Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!

  • Hello just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Internet explorer. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I figured I’d post to let you know. The style and design look great though! Hope you get the problem resolved soon. Cheers

  • Thank you for every other informative website. Where else could I get that type of info written in such a perfect manner? I have a undertaking that I am simply now operating on, and I’ve been at the look out for such info.

  • It is appropriate time to make some plans for the future and it is time to be happy. I have read this post and if I could I want to suggest you few interesting things or suggestions. Perhaps you can write next articles referring to this article. I want to read even more things about it!

  • Hi, Neat post. There is an issue with your website in web explorer, may check this?K IE still is the market leader and a big portion of other folks will miss your excellent writing because of this problem.

  • Just desire to say your article is as amazing. The clarity in your post is just great and i could assume you are an expert on this subject. Well with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the enjoyable work.

Leave a Comment