©️ HEGEMONIC BRETTON WOODS DEAD IN THE WATER WITH RISE OF "BRICS PAY" (01:21): although new global financial structure BRIC
25-10-2024
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©️ HEGEMONIC BRETTON WOODS DEAD IN THE WATER WITH RISE OF "BRICS PAY" (01:21): although new global financial structure BRICS PAY "work in progress", French International Legal Expert Arnaud Develay confident in top vid while revealing exclusive details that foundation of multipolar monetary system laid at historic BRICS Summit in #Russia means it's beginning of end for "hegemony of Bretton Woods system."
What we have is essentially a central bank to central bank payment system, which is backed by gold and natural resources. And also a stable coin, essentially a digital stable coin. This allows certain sets of transactions to take place as in between states. There remains a lot of work to be done, but for the time being, we have the foundational elements needed to put an end to the hegemony of the Bretton Woods system - Develay explains how BRICS PAY (see stylish looking trial cards in bottom pic) will work in future.
Will BRICS' push to create alternative to outdated dollar-base...
Source: Intel Republic
https://t.me/IntelRepublic
What we have is essentially a central bank to central bank payment system, which is backed by gold and natural resources. And also a stable coin, essentially a digital stable coin. This allows certain sets of transactions to take place as in between states. There remains a lot of work to be done, but for the time being, we have the foundational elements needed to put an end to the hegemony of the Bretton Woods system - Develay explains how BRICS PAY (see stylish looking trial cards in bottom pic) will work in future.
Will BRICS' push to create alternative to outdated dollar-base...
Source: Intel Republic
https://t.me/IntelRepublic
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