BRICS member nations propose creating a cryptocurrency for payment settlements

BRICS member nations propose creating a cryptocurrency for payment settlements – The Block

BRICS, a group of five major emerging nations – Brazil, Russia, India, China and South Africa, has proposed creating a cryptocurrency for settling payment transactions between the countries. Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), a $10 billion sovereign wealth fund by the Russian government, informed about the plan at the BRICS …