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Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System
© Copyright Image: Crypto Breaking News

Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current payment system outside the Wests unfriendly infrastructure. Russia Hints at Using CBDC [] Source: Bitcoin.com

The post Russia Hints at Development of CBDC-Based BRICS Bridge Payments System appeared first on Crypto Breaking News.

Read more: https://www.cryptobreaking.com/russia-hints-at-development-of-cbdc-based-brics-bridge-payments-system/

Text source: Crypto Breaking News

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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