The BRICS block accelerates its shift towards autonomous payment infrastructures

MemeTokenGenius · 2026-02-14T10:03:59+00:00

The BRICS nations are planning a major overhaul of their cross-border payment systems, led by the Reserve Bank of India, to build a decentralized architecture using central bank digital currencies (CBDCs), aimed at reducing reliance on traditional systems like SWIFT and U.S. monetary dominance.

MemeTokenGenius

2026-02-14 10:03:59

Abstract generation in progress

The financial institutions of the BRICS nations are considering a major overhaul of their cross-border settlement systems. Led notably by the Reserve Bank of India, this initiative aims to build an independent payment architecture based on central bank digital currencies (CBDCs). The stated goal: to gradually reduce the influence of traditional international mechanisms, such as SWIFT, which remain largely centered around American monetary dominance.

A strategic response to dollar dominance

The geopolitical context is prompting these emerging economies to explore robust technological alternatives. Rather than being constrained by existing infrastructures, BRICS seeks to strengthen its financial autonomy. This strategic move is part of a broader effort to diversify economic cooperation tools, allowing member nations to bypass systemic dependencies.

Cross-border CBDC corridors: towards secure interoperability

For the 2026 BRICS summit, the Reserve Bank of India has advocated for the integration of CBDC payment corridors into the official agenda. These connections would link national digital currencies through a decentralized architecture based on blockchain technology. The proposed framework prioritizes maintaining full sovereignty for each state, avoiding any supranational currency project. The mechanisms include safeguards on capital transfers and the development of interoperable yet tightly secure networks, ensuring each participant retains full control over its monetary and financial policies.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.