Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

Russia Hints at Development of CBDC-Based BRICS Bridge Payments SystemRussia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current payment system outside the West’s “unfriendly infrastructure.” Russia Hints at Using CBDC […]

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Digital Yuan Now Used to Complete Car Prepurchase Payments

Digital Yuan Now Used to Complete Car Prepurchase PaymentsThe digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February in Shenzhen, and several customers are already purchasing their vehicles […]

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