(VOVWORLD) - Countries of the BRICS economic bloc are currently working on the launch of a financial system that will be independent of the dominance of third parties, according to Russian Ambassador to China Igor Morgulov.
  • suoko@feddit.it
    11·
    6 months ago

    By financial system they still mean a swift/Cips/sfms/spfs alternative?

      • suoko@feddit.it
        5·
        6 months ago

        They should start thinking of a plug and play system similar to activity pub for all that finance old fashioned system

          • suoko@feddit.it
            1·
            6 months ago

            I wonder what kind of discussions take place when they implement these kind protocols (thinking of swift):

            • we want to avoid dirty money banks? No, that’s ok
            • we decide who can enter this network based on the fee they’ll pay
            • we have to crush any competitors in the world, we’ll deal all transactions, it’s not that complicated, little effort for big control