BRICS Launch New Payment System to Challenge Global Finance Dominance

Facing increasing pressure from the United States’ financial dominance, the BRICS nations are forging ahead with a new alternative payment network: BRICS Pay. This initiative seeks to reduce reliance on the SWIFT global messaging system and US sanctions, ultimately reshaping the landscape of global finance. 10 countries have joined the bloc in this endeavor, aiming to bolster financial sovereignty in a world entering a multipolar phase. The project is more than just technology; it’s a strategic bet against a system that has historically favored the West.