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BTCC / BTCC Square / Global Cryptocurrency /
BRICS Launches Brazil-Based Payment System to Challenge Dollar Dominance

BRICS Launches Brazil-Based Payment System to Challenge Dollar Dominance

Author:
Global Cryptocurrency
Published:
2026-02-17 10:10:02
12
3
BTCCSquare news:

The BRICS bloc has accelerated its de-dollarization efforts with a operational cross-border payment system anchored by Brazil's Pix technology. The network, now processing 20,000 transactions per second, connects central banks of China, India, Egypt, and the UAE through a blockchain-secured messaging protocol that bypasses SWIFT.

Brazil's Central Bank didn't just provide infrastructure—it authored the foundational framework while holding rotating BRICS presidency. The DCMS architecture gives each nation sovereign control over network nodes, with Immutable transaction records enabling local currency settlements across critical trade corridors.

|Square

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