The Shift: No Currency, Just Infrastructure Everyone expected a BRICS currency announcement. What they got instead was far more lethal—a decentralized, cross-national payment web engineered to phase out the dollar’s chokehold on global trade. No need for a euro-style currency when you can settle trade in rubles, yuan, or rupees and cut the Fed out of the loop entirely. BRICS Pay is the skeleton key. By linking Russia’s SPFS, China’s CIPS, and India’s UPI systems through blockchain, they’ve already reduced intra-bloc dollar use by two-thirds. This isn’t theory. This is execution. Bilateral Trade in Local Currencies: Death by a Thousand Cuts Russia and China now settle 99.1% of their trade in rubles and yuan. That’s nearly $245 billion in trade…
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