The age of the Quantum Financial System is here. Bitcoin, a blockchain technology, new age asset hailed as "digital gold," cloaked in mystery is being adopted by many developing nations. Fiat currencies are crumbling and evolving into new mediums, as well as being coupled with new forms of digital assets within a mixture of centralization and decentralization. The US Dollar has lost its status as the "global reserve currency." Major economic shifts are taking place; and it is all happening very rapidly.
So, what is BRICS PAY? From their official website:
BRICS PAY is a digital payments platform that is being jointly developed by the member countries of the BRICS (Brazil, Russia, India, China, and South Africa) economic bloc. BRICS PAY set benefits from a combination of traditional payment systems and new technologies such as central bank digital currencies (CBDC), decentralized finance, and tokenized assets (secured money). BRICS PAY is an expansion of payment options for companies and citizens of participating countries, as well as for the entire world and all existing or emerging payment solutions.
Highlighted Features of BRICS PAY:
DECENTRALIZATION
Financial flows are distributed among a certain number of participants, and are not concentrated in the hands of central operators. This reduces the risk of system failures, increases the stability and transparency of working conditions.
INTEROPERABILITY
Through the use of open APIs, the BRICS PAY system will ensure that customers have access to their accounts, no matter what payment system they use - funds can move between systems faster and more securely.
JUSTICE
Equal rights for all parties involved in financial transactions so that no party receives an unfair advantage.
INCLUSIVENESS
The system is accessible and provides an equal opportunity for individuals and businesses, regardless of their background or financial history, regardless of income, location or other factors not contrary to law.
RESPONSIBILITY
All parties involved in financial transactions must be held accountable for their actions and decisions.
EFFICIENCY
The payment system will have low transaction costs and fast payment processing times.
SECURITY
The payment system ensures the security of financial information and transactions, and is highly protected from fraud and cyberattacks.
TRANSPARENCY
BRICS PAY should have clear rules and regulations that are publicly communicated to all participants.
SUSTAINABILITY
BRICS PAY is designed to promote long-term economic stability and the resilience of artificial barriers to economic development.
Sounds like a dream come true. Or are those words merely misleading selling points, and a manipulation of language? To lull us into a false stupor, so that the obvious, like “block” and “chain” to describe a flourishing and prosperous technology is overlooked and unseen?Citizens within participant nations will have a jump on the rest of the world in having new aged assets working for them, and generating a cryptocurrency that is poised to be more powerful and desirable than the US Dollar. With BRICS one can couple everything from Bitcoin to Ethereum to XRP and Polkadot; start taking advantage of Decentralized Financial Environments and various forms of staking to yield farming.
But for how long? Will there come a time when currency has an expiration date? Or specific currency is needed for specific things like food, electricity, travel, and water? Or work in conjunction with a "social credit score," or "carbon footprint," and at times your money can be turned "off?"
The future remains to be seen. The only thing we can say for certain is: we have officially entered into the Great Reset or Global Reset; the 4th Industrial Revolution is here. You will either participate in the greatest creation and transfer of wealth or be victim to it. The BEST way to learn about his new era and new age, is to not only READ all of the articles contained within Business Anthropology's Blog; but check out "The Making and Unmaking of the Modern World" on Amazon.