India Shows Support for BRICS Payment Initiative

Swathi Kashettar

The BRICS nations, including India, are planning to develop a payment system that utilizes digital currencies and blockchain technology

One of the primary goals of the BRICS payment system is to reduce reliance on the US dollar

India is actively working to expand local currency settlement initiatives

The BRICS payment system is designed to enhance economic cooperation among member countries

The new payment system is intended to be politically neutral, offering a secure and cost-effective platform for international transactions

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