BRICS drops common currency plan, bets on integrated payments network
- —BRICS summit on September 12–13 in New Delhi produced no common-currency proposal
- —India's UPI and Brazil's Pix processed over $10 trillion combined in 18 months
- —UPI has more than 550 million users; Pix has over 170 million
- —No official confirmation that XRP or XLM will be integrated into BRICS Pay
Why it matters: The project could cut dollar usage in cross-border trade, but it remains a pilot with no timeline and no confirmed role for crypto assets.
Source: DiarioBitcoin