De-Dollarization Dreams Meet African Reality: Inside the BRICS Payment System
TL;DR, The BRICS payment system uses blockchain and CBDCs for local-currency settlements, but July 2025 talks confirmed no unified currency—raising questions about Africa’s sovereignty versus dependency trade-offs. While Nigeria’s eNaira struggles with adoption and stablecoin use explodes, African nations face a choice: integrate PAPSS, BRICS rails, and Western systems, or risk new digital…
You must be logged in to post a comment.