European Central Bank Eyes Blockchain Technology for Future Payment Systems
1 month ago
In a significant move towards digital transformation, the European Central Bank (ECB) has expressed its intention to explore the establishment of a blockchain-based payment system. This initiative is part of the ECB's broader effort to modernize the European payment landscape and ensure that it remains competitive in a rapidly evolving global financial ecosystem.
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Russia Proposes BRICS Payment System to Challenge U.S. Dominance in Global Finance
6 months ago
In a decisive move aimed at curbing the influence of the U.S. dollar in international trade, Russia has proposed the establishment of a payment system within the BRICS group, which consists of Brazil, Russia, India, China, and South Africa. The initiative seeks to enhance trade among member nations while simultaneously reducing reliance on Western financial frameworks.
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