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Nairaland Forum / Nairaland / General / Business / BRICS Announces New Blockchain-based Crypto Payment System (766 Views)
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BRICS Announces New Blockchain-based Crypto Payment System by Celplas1010: 10:12am On Mar 05 |
BRICS member Russia announced the creation of a new blockchain-based payment system on Tuesday. The blockchain and cryptocurrency-based payment mechanism will be an independent system for trade settlements. The new BRICS payment system will position as an alternative option to the US dollar. The payment system aims to be friendly to governments, businesses, and even common citizens. Therefore, if the system becomes a success, a variety of hierarchies from governments to the average man could benefit immensely. Russian diplomat Yuri Ushakov confirmed that the new BRICS payment mechanism will boast state-of-the-art technology that will incorporate digital assets and cryptocurrencies on the blockchain. However, Ushakov did not reveal a tentative timeline for the launch of the new BRICS payment system. It’s most likely that the new mechanism will be brought to light at the 16th summit in October this year. https://watcher.guru/news/brics-announces-new-blockchain-based-crypto-payment-system#google_vignette
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Re: BRICS Announces New Blockchain-based Crypto Payment System by MrProlific95: 10:57am On Mar 05 |
Fraud Alert, format be this |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Westerhoffe(m): 10:59am On Mar 05 |
Let's see how it plays out. 2 Likes |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Tolumiide: 11:02am On Mar 05 |
Ok. Let's wait and see |
Re: BRICS Announces New Blockchain-based Crypto Payment System by AntiZikist: 11:08am On Mar 05 |
MrProlific95: BRICS is based on production and commodities . The real fraud is the fiat USD that isn't backed by anything . 1 Like |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Celplas1010: 11:13am On Mar 05 |
AntiZikist:Thank you for schooling that boy. It'll definitely rander dollar useless 1 Like |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Botragelad: 12:59pm On Mar 05 |
AntiZikist:Ha. Another clueless basher of the West. BRICS is not just based on making stuff and selling goods, it's also based on a load of debt and trouble. Do you have any idea how much these countries are in debt to the rest of the world? Do you have any idea how shaky they are to political and social chaos? Do you have any idea how hooked they are on the global market and trade? Tell me then. How do you reckon they're going to make a new global reserve currency? How are they going to sort out the value, the exchange rate, the rules, and the sharing of this currency? How do you reckon they're going to persuade the rest of the world to use this currency? It's a joke, mate. Lol The fiat USD may not be backed by anything like you said, but it's still the most reliable and widely used currency in the world. Tell you what, the USD is here to last, and it's not going anywhere. 1 Like |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Ballzproblem2: 1:01pm On Mar 05 |
Botragelad:k The united state is owing 34trillion dollars |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Botragelad: 1:09pm On Mar 05 |
Ballzproblem2:First, the US national debt is not like a personal debt that you or I have to cough up. It's more like a joint venture that the US does for its own future, and that of the world. What they do is borrow money from various places, like countries, investors, and its own people, and uses it to pay for public stuff and just so you know, these things help not only the US, but also the global economy and stability. The US also pays back its debt overtime, with interests. And for your information it has never defaulted on its obligation. Got it? |
Re: BRICS Announces New Blockchain-based Crypto Payment System by AntiZikist: 1:10pm On Mar 05 |
Botragelad: America's greatest export is porn other than that they contribute next to zilch in international trade. I am not surprised by America's industrial death since those who are historically not into production and honest days work now run the US. China is the world's factory Russia has all the energy and commodities needed by China to produce goods. Tell me why both countries should go through a middleman in New York and London ? I am waiting . |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Botragelad: 1:19pm On Mar 05 |
AntiZikist:First you have to answer the questions I asked regarding brics then we can get on with this. |
Re: BRICS Announces New Blockchain-based Crypto Payment System by AntiZikist: 1:20pm On Mar 05 |
Botragelad: Remind me again. |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Botragelad: 1:34pm On Mar 05 |
AntiZikist:".Do you have any idea how much these countries are in debt to the rest of the world? Do you have any idea how shaky they are to political and social chaos? Do you have any idea how hooked they are on the global market and trade? Tell me then. How do you reckon they're going to make a new global reserve currency? How are they going to sort out the value, the exchange rate, the rules, and the sharing of this currency? How do you reckon they're going to persuade the rest of the world to use this currency? " |
Re: BRICS Announces New Blockchain-based Crypto Payment System by AntiZikist: 1:42pm On Mar 05 |
Botragelad: When America implodes on her own fat ass. Stop being a boot licker. China was sold the dummy that it needs to open up its borders for international investment or else it can't solve unemployment. Today Chinese companies are competing with western brands that are manufactured in same China. As for Russia, they have vowed never to be under the control of western banksters like the case was during Leninist era and the government of Yeltsin. If the west had their way, Russia would have been dead and buried under Yeltsin but here they are standing stronger and giving the west serious challenge on the international scene. |
Re: BRICS Announces New Blockchain-based Crypto Payment System by a4cube: 1:47pm On Mar 05 |
Cardozzoo the Nigerian.Banking Chief bans BRICS crypto currency in his territory. Update soon. This is the next news from Nigeria in the coming days. Zoombbees will swam the net in support but will be disgraced by Cardosssoo in fews days later. |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Botragelad: 1:50pm On Mar 05 |
AntiZikist:You didn't answer my questions buddy. Why throwing childish tantrum? Lol |
Re: BRICS Announces New Blockchain-based Crypto Payment System by AntiZikist: 1:51pm On Mar 05 |
Botragelad: You did not ask a question rather you were parroting western propaganda garbage. 1 Like |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Botragelad: 1:55pm On Mar 05 |
AntiZikist:Okay. Still couldn't answer the question. |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Faiththatworks(m): 2:00pm On Mar 05 |
Hi |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Melagros(m): 2:12pm On Mar 05 |
COMRADES, BRICKS is putting effort so as to the dollars dominance in their member states is regulated This is the way to go Does Nigeria has the guts to join the BRICKS? 1 Like |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Celplas1010: 3:17pm On Mar 05 |
a4cube:This got me laughing. I don't think you will make heaven |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Celplas1010: 3:18pm On Mar 05 |
Melagros:The question is supposed to be, will BRICS accept Nigeria? |
Re: BRICS Announces New Blockchain-based Crypto Payment System by keymatt(m): 3:25pm On Mar 05 |
Bitcoin to hit $100,000. ![]() |
Re: BRICS Announces New Blockchain-based Crypto Payment System by Celplas1010: 3:29pm On Mar 05 |
keymatt:Hmmmmmm |
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