The BRICS economic alliance is set to implement a geopolitical game-changer, as it is expected to launch a decentralized financial system to end the US dollar. Indeed, the bloc is currently discussing the implementation of such a system with the BRICS+ Business Council, which could become official policy within the next year.
Named The Unit, the system is set to combat the growing challenges of geoeconomic finance concerns. Moreover, the system is set to implement cross-border payment solutions as well as a newly implemented international currency under the BRICS infrastructure.
BRICS Decentralized Finance System to Challenge the US Dollar
Throughout the last year, the BRICS economic alliance has led a global shift toward de-dollarization. In response to the West’s weaponization of currency, many countries in the global market are seeking diversification. Subsequently, the bloc is set to implement a system that could greatly enhance that trajectory.
The BRICS economic alliance is set to launch a decentralized financial system to end the US Dollar. According to Sputnik Global, The Unit is set to address some of the largest challenges facing geoeconomic developments. Moreover, it will seek to completely shift how international trade and transactions take place.
Source: securityaffairs.com
WhatsApp Community
SUBSCRIBE TO OUR NEWSLETTER NOW
Support MATAZ ARISING’ journalism of integrity and credibility.
Good journalism ensure the possibility of a good society, an accountable democracy, and a transparent government.
We ask you to consider making a modest support to this noble endeavour.
TEXT AD: To advertise here – Email ad@matazarising.com
Coalition to unseat Tinubu in 2027 will collapse, says Fayose
MaTaZ ArIsInGDallas, Texas Former Ekiti State governor, Ayo Fayose, has declared that any alliance aimed at preventing President Bola Tinubu’s re-election in 2027 is bound to fail. Fayose, a chieftain of the opposition Peoples Democratic Party (PDP), made the remark during his appearance on Politics Today, a Chremarked onramme aired on Friday. In recent weeks, discussions around…
Presidency Denies Claim Shettima Was Denied Access To Aso Villa
MaTaZ ArIsInGDallas, Texas The Presidency said the claims were false, describing it as “totally fabricated” and aimed at misleading the public into believing there was a rift between President Bola Tinubu and his deputy. The Presidency has denied reports alleging that Vice President Kashim Shettima was barred from the Presidential Villa in Abuja. The statement…
Police extradite fugitive “killerboi” from Qatar over murder of Lead City student
MaTaZ ArIsInGDallas, Texas The Nigeria Police Force has said Benjamin Best Nnayereugo, otherwise known as “Killaboi,” was on Saturday, extradited from Doha, Qatar, over the murder of 21-year-old Augusta Onuwabhagbe, a student at Lead City University, Ibadan, Oyo State, on July 13, 2023. Force spokesperson, Muyiwa Adejobi, in a statement, said the suspect who had…
