The BRICS nations (Brazil, Russia, India, China, and South Africa) are moving towards a decentralized monetary system aimed at de-dollarization. This new system, referred to as 'The Unit,' is expected to be backed by gold and BRICS currencies, and will utilize a distributed ledger (blockchain) technology. The initiative, highlighted by Pepe Escobar, is seen as a response to the flaws of the centrally controlled monetary framework established 80 years ago at Bretton Woods. The new system is designed to be non-political and cannot be weaponized. Blessed by the UN, a significant announcement regarding this development is anticipated in Russia in October 2024.
BRICS Bet On Blockchain: An Amazing “Politics-Free” Payment System, Is It Possible In 2024 The BRICS nations (Brazil, Russia, India, China, and South Africa) have set their sights on a new frontier: a blockchain-based payment system designed to be independent and free from… https://t.co/ZeEZIWehBx
The future belongs to BRICS https://t.co/S0fS4i9V8l https://t.co/fK5bUGW444
Blockchain based BRICS Pay is coming to de-dollarize the world with a non-political financial system. https://t.co/pKpCY1bwSQ
BRICS https://t.co/j2AMWL1DqD
DE-DOLLARIZATION BOMBSHELL: The Coming of BRICS+ Decentralized Monetary Ecosystem - Unit Get ready for what may well be the geoeconomic bombshell of 2024: the coming of a decentralized monetary ecosystem. Welcome to The Unit – a concept that has already been discussed by… https://t.co/5n4Ry6Zssu
De-dollarization thru BRICS currency is becoming a reality! Here are some of its attractive features: 🔹Backed by gold and BRICS currencies 🔹Cannot be weaponized 🔹Distributed ledger (blockchain) 🔹Blessed by the UN Expect a big announcement in Russia in October - BRICS… https://t.co/R2kmtQ2yyp
Pepe Escobar: BRICS+ decentralized monetary system will spur de-dollarization The global majority has had enough of the centrally controlled monetary framework put in place 80 years ago in Bretton Woods, as well as its endemic flaws like chronic deficits fueling… https://t.co/bJuOCUaZ6w