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<ul class="news-points">
 <li>Russian Presidential Advisor Yury Ushakov states that the BRICS group intends to build a blockchain-based payment system.</li>
 <li>The BRICS group envisions solidifying its position in the international monetary and financial system.</li>
 <li>The new payment system aims to introduce a convenient system that could replace the use of US Dollars.</li>
</ul>
Yury Ushakov, an advisor to Russian president Vladimir Putin advisor, recently <a href="https://tass.com/politics/1755521" target="_blank" rel="noopener noreferrer nofollow">announced</a> that the BRICS group has been preparing to build a blockchain-based payment system. Ushakov asserted that the group intends to solidify its position in the international monetary and financial system.
The BRICS group is an intergovernmental organization comprising emerging economies like Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Though the term BRICS started as an acronym for Brazil, Russia, India, Canada, and South Africa, it later expanded to other countries.
As the countries converge around blockchain adoption, Ushakov stated, “Work will continue to develop the Contingent Reserve Arrangement, primarily regarding the use of cur…
The post <a href="https://coinedition.com/brics-countries-look-to-blockchain-on-their-road-to-dedollarization/" rel="noopener noreferrer nofollow">BRICS Countries Look to Blockchain on Their Road to Dedollarization</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BRICS Countries Look to Blockchain on Their Road to Dedollarization

Coin Edition

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