Russia Expects BRICS payment network to go global—SWIFT’s monopoly under threat

The BRICS coalition is working on creating an alternative payment system to challenge the dominance of SWIFT, potentially allowing access for non-member countries.

Lavrov confirmed Brazil’s key proposal aimed at establishing a new payment platform, using Russia’s financial messaging model as a reference for autonomy in financial transactions.

CEO Jack Mallers of Strike believes the debasement of fiat currency could significantly increase the value of BTC, urging investors to maintain confidence in their assets.

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