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Brics Pay a challenger to dominant international money transfer system SWIFT – The Mail & Guardian

Summary by mg.co.za
Given that it took place in the final days leading up to the US election, it shouldn’t be surprising that the Brics Business Forum fell a little under the radar. But the summit, which took place in Moscow in mid-October, came with an announcement  of a new cross-border payment system that could have a huge effect on the international money transfer landscape.  Called Brics Pay, the system is based on blockchain and digital currencies and was fi…
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