2026-01-20 01:38:27

India's central bank has reportedly submitted a proposal aimed at interconnecting the CBDCs of BRICS member nations. The initiative seeks to facilitate smoother cross-border transactions for trade and tourism payments among participating countries. This move could represent a significant step toward creating an alternative payment infrastructure within the BRICS bloc.

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SandwichTrader

· 11h ago

This is really going to be a big deal now, with BRICS teaming up to develop CBDC interoperability, bypassing the US dollar? India's move is quite aggressive.

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ForkMonger

· 11h ago

nah, they're just copying what failed in 2008... BRICS cbdc sounds nice until governance hits the fan lol

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GasFeeLady

· 12h ago

ngl this is the optimal window for brics to move on this... been watching the gas prices on cross-border rails for months and the timing's actually perfect rn. nobody's talking about the actual settlement layer though, that's where the real frontend protection plays happen lmao

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MEVHunter

· 12h ago

ngl this feels like the classic mempool play but at macro scale... india's basically frontrunning the whole western payment rails setup lol. who's gonna extract the alpha on this one tho 👀

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LiquidationWatcher

· 12h ago

ngl, india pushing brics cbdcs feels like watching 2017 all over again... everyone excited about "alternative infrastructure" until the margin calls come. been there, lost that. just saying, watch those collateral ratios when cross-border payment systems get tested under stress. not financial advice but... remember 2022? yeah.

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