The BRICS group, comprising Brazil, Russia, India, China, and South Africa, plans to develop a payment system utilizing blockchain and digital technologies, according to a report by Russian news agency TASS. Kremlin aide Yury Ushakov emphasized the importance of creating an independent payment system that is convenient, cost-effective, and free from political influence. This initiative aligns with BRICS’ goal to increase its role in the international monetary system and reduce reliance on the U.S. dollar, a process known as de-dollarization. (Source: CoinDesk)