Pakistan, Bangaldesh & Turkey joins BRICS payment system

BRICS Pay to Revolutionize Global Trade as Pakistan, Turkey, and Bangladesh Join

The much-anticipated BRICS Pay system is set to make waves across the global financial landscape, with Pakistan, Turkey, and Bangladesh now confirmed as participants in this game-changing payment system. This blockchain-based platform, designed to facilitate de-dollarization, is poised to transform international trade by enabling member countries to conduct transactions in their local currencies.

As BRICS prepares for the 2024 Summit, the inclusion of these three countries, along with 159 other participants, signals a significant shift in global economic power. The system will allow countries, particularly those facing economic sanctions like Russia, to bypass Western-dominated systems such as SWIFT and trade on more equitable terms.

Turkey’s involvement, as a NATO member, represents a geopolitical pivot, while Pakistan and Bangladesh’s participation could strengthen their economic ties with BRICS and the Global South. The platform promises to reduce reliance on the U.S. dollar, providing a much-needed alternative for emerging economies looking to assert more autonomy in global trade.

With more nations eager to join BRICS Pay, the upcoming summit is expected to unveil the official launch of the system, which will redefine international trade dynamics for years to come.

Pakistan, Bangladesh and Turkey join BRICSC Payments