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Reading Time: 2 minutes Russia and China have accelerated efforts to create a financial system that reduces reliance on the U.S. dollar A blockchain-based payment platform is being developed as part of a BRICS initiative, aiming to avoid sanctions and promote transactions in national currencies Digital currencies are seen as potential alternatives to the dollar within this new system…
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Russian and China Push for Alternative Currency
Reading Time: 2 minutes Russia and China have accelerated efforts to create a financial system that reduces reliance on the U.S. dollar A blockchain-based payment platform is being developed as part of a BRICS initiative, aiming to avoid sanctions and promote transactions in national currencies Digital currencies are seen as potential alternatives to the dollar