l{"id":1292449,"date":"2023-11-01T19:33:48","date_gmt":"2023-11-01T19:33:48","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/brics-pay-to-lead-digital-finance-revolution-of-global-economics-watcher-guru\/"},"modified":"2023-11-01T19:33:48","modified_gmt":"2023-11-01T19:33:48","slug":"brics-pay-to-lead-digital-finance-revolution-of-global-economics-watcher-guru","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/brics-pay-to-lead-digital-finance-revolution-of-global-economics-watcher-guru\/","title":{"rendered":"BRICS Pay to Lead Digital Finance Revolution of Global Economics &#8211; Watcher Guru"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Amid the arrival of <a href=\"https:\/\/watcher.guru\/news\/brics-pay-why-it-presents-such-a-threat-to-the-us-dollar\">BRICS Pay<\/a> and the development of the digital yuan, it is certain that the alliance is set to lead the digital finance revolution of global economics. Indeed, the economic bloc has found a tangible alternative currency to lead its fight against Western influence and the US dollar\u2019s prominence.<\/p>\n<p>Blockchain technology and digital finance have always presented enormous potential for the <a href=\"https:\/\/watcher.guru\/news\/brics-us-dollar-rises-50-egypt-foreign-exchange-black-market\">BRICS<\/a> bloc. Yet, it is not fully realizing the scope of that and leaning into making it a reality. Subsequently, the arrival of these two massively important facets could provide a game-changing shift in global finance.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"610\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/11\/BRICS-Pay-to-Lead-Digital-Finance-Revolution-of-Global-Economics.jpg\" alt=\"brics 2023 summit leaders countries\" class=\"wp-image-116346\"  \/><figcaption class=\"wp-element-caption\">Source: Wikipedia Commons<\/figcaption><\/figure>\n<p><strong>Also Read: <a href=\"https:\/\/watcher.guru\/news\/brics-saudi-arabia-lines-up-new-trade-deals-beyond-oil\">Saudi Arabia Lines up New BRICS Trade Deals Beyond Oil <\/a><\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-brics-pay-digital-yuan-could-lead-global-finance-revolution\">BRICS Pay, Digital Yuan, Could Lead Global Finance Revolution <\/h2>\n<p>Since its inception, the BRICS alliance has firmly embraced de-dollarization. The bloc has sought ways to lessen the presence of the greenback in international trade. Moreover, it has sought to achieve this through local currency promotion for international settlements. However, recent developments could point to another option with far more potential.<\/p>\n<p>Specifically, the BRICS alliance could be set to lead a digital finance revolution in global economics through its BRICS pay system and the emerging digital yuan. Both blockchain technology-based offerings have the potential to bring forth a clear option to finally dethrone the US dollar internationally.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/11\/1698868695_472_BRICS-Pay-to-Lead-Digital-Finance-Revolution-of-Global-Economics.jpg\" alt=\"chinese yuan euro currency brics\" class=\"wp-image-116499\"  \/><figcaption class=\"wp-element-caption\">Source: Gina Sanders \/ Fotolia via Wodicka<\/figcaption><\/figure>\n<p><strong><a href=\"https:\/\/watcher.guru\/news\/brics-uae-sees-gdp-grow-3-7-in-first-half-of-2023\">Also Read: BRICS: UAE Sees GDP Grow 3.7% in First Half of 2023<\/a><\/strong><\/p>\n<p>The BRICS Pay platform is setting the stage for world economies to regain control over Western-dominated currencies. Moreover, <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/digital-yuan-s-role-in-brics-quest-to-dethrone-the-dollar\/ar-AA1j2UMl#:~:text=The%20digital%20yuan%20emerges%20as,future%20free%20from%20dollar%20domination.\">MSN<\/a> discussed the role that it could play in a financial revolution. Subsequently, it discussed the digital yuan\u2019s presence as a kind of proof of concept.<\/p>\n<p>Specifically, they stated the digital yuan \u201cdemonstrates the digital currency\u2019s functionality and reliability, proving its worth in the international arena.\u201d Moreover, it added BRICS Pay\u2019s \u201cuntapped potential\u201d while setting the stage for future growth and advancements.<\/p>\n<p>\u201cThese digital finance developments are steering the alliance towards a more prosperous and secure future,\u201d the report noted. \u201cThe embrace of digital assets by the BRICS coalition could mark the beginning of a new era in global economics.\u201d<\/p>\n<\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/watcher.guru\/news\/brics-pay-to-lead-digital-finance-revolution-of-global-economics\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid the arrival of BRICS Pay and the development of the digital yuan, it is certain that the alliance is set to lead the digital finance revolution of global economics. Indeed, the economic bloc has found a tangible alternative currency to lead its fight against Western influence and the US dollar\u2019s prominence. Blockchain technology and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1292450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1292449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BRICS Pay to Lead Digital Finance Revolution of Global Economics - Watcher Guru - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watcher.guru\/news\/brics-pay-to-lead-digital-finance-revolution-of-global-economics\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BRICS Pay to Lead Digital Finance Revolution of Global Economics - Watcher Guru - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"Amid the arrival of BRICS Pay and the development of the digital yuan, it is certain that the alliance is set to lead the digital finance revolution of global economics. Indeed, the economic bloc has found a tangible alternative currency to lead its fight against Western influence and the US dollar\u2019s prominence. Blockchain technology and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/watcher.guru\/news\/brics-pay-to-lead-digital-finance-revolution-of-global-economics\" \/>\n<meta property=\"og:site_name\" content=\"Business Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-01T19:33:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/11\/1698868721_BRICS-Pay-to-Lead-Digital-Finance-Revolution-of-Global-Economics.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1282\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"businesstelegraph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"businesstelegraph\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/watcher.guru\/news\/brics-pay-to-lead-digital-finance-revolution-of-global-economics#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/brics-pay-to-lead-digital-finance-revolution-of-global-economics-watcher-guru\/\"},\"author\":{\"name\":\"businesstelegraph\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\"},\"headline\":\"BRICS Pay to Lead Digital Finance Revolution of Global Economics &#8211; 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