Title: n State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality
Post by: Bitcoin on Jul 28, 2024, 02:25 pm
Post by: Bitcoin on Jul 28, 2024, 02:25 pm
n State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality
Alexander Babakov, Deputy Chairman of the n State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new system would help to reduce the dependence on Western institutions and simplify settlements outside the dollar-dominated system. BRICS SWIFT Equivalent […]
Source: n State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality (https://news.bitcoin.com/n-state-duma-deputy-chairman-brics-swift-counterpart-needed-for-creating-a-new-economic-reality/)
Alexander Babakov, Deputy Chairman of the n State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new system would help to reduce the dependence on Western institutions and simplify settlements outside the dollar-dominated system. BRICS SWIFT Equivalent […]Source: n State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality (https://news.bitcoin.com/n-state-duma-deputy-chairman-brics-swift-counterpart-needed-for-creating-a-new-economic-reality/)