[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Sputnik India [@Sputnik_India](/creator/twitter/Sputnik_India) on x 96K followers Created: 2025-07-10 09:39:58 UTC 👋💳 Goodbye, SWIFT. First, let’s talk about how BRICS is moving forward to implement a cross-border payments system. creating an alternative system to the current US-led system, which is often weaponized to hurt anyone who disobeys the US Empire. ✍️ The declaration from Rio de Janeiro reads, “We task our ministers of finance and central bank governors, to continue the discussion on the BRICS Cross-Border Payments Initiative, and acknowledge the progress made by the BRICS Payment Task Force in identifying possible pathways to support greater interoperability of BRICS payment systems.” 🎯 The goal is to “facilitate fast, low-cost, more accessible, efficient, transparent and safe cross-border payments among BRICS countries and other nations which can support greater trade and investment flows.” 💬 India’s Ministry of External Affairs (MEA) Secretary Dammu Ravi told reporters that India backed the BRICS Cross-Border Payments Initiative and that it would “gain traction” in the coming days. He added: “Interoperability in payments is a faster mechanism in terms of being able to do cross-border trading. This is a low-cost solution. India has been successfully implementing it (through United Payments Interface) and we are also entering into bilateral arrangements with many countries.” Once countries have the option to decouple from SWIFT, they will be less susceptible to US sanctions. (For full financial freedom, we need a BRICS currency). 7/10  XXXXXX engagements  **Related Topics** [finance](/topic/finance) [rio de janeiro](/topic/rio-de-janeiro) [rio](/topic/rio) [empire](/topic/empire) [developing economies](/topic/developing-economies) [swift](/topic/swift) [india](/topic/india) [Post Link](https://x.com/Sputnik_India/status/1943243790526898366)
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Sputnik India @Sputnik_India on x 96K followers
Created: 2025-07-10 09:39:58 UTC
đź‘‹đź’ł Goodbye, SWIFT.
First, let’s talk about how BRICS is moving forward to implement a cross-border payments system. creating an alternative system to the current US-led system, which is often weaponized to hurt anyone who disobeys the US Empire.
✍️ The declaration from Rio de Janeiro reads, “We task our ministers of finance and central bank governors, to continue the discussion on the BRICS Cross-Border Payments Initiative, and acknowledge the progress made by the BRICS Payment Task Force in identifying possible pathways to support greater interoperability of BRICS payment systems.”
🎯 The goal is to “facilitate fast, low-cost, more accessible, efficient, transparent and safe cross-border payments among BRICS countries and other nations which can support greater trade and investment flows.”
💬 India’s Ministry of External Affairs (MEA) Secretary Dammu Ravi told reporters that India backed the BRICS Cross-Border Payments Initiative and that it would “gain traction” in the coming days. He added: “Interoperability in payments is a faster mechanism in terms of being able to do cross-border trading. This is a low-cost solution. India has been successfully implementing it (through United Payments Interface) and we are also entering into bilateral arrangements with many countries.”
Once countries have the option to decouple from SWIFT, they will be less susceptible to US sanctions. (For full financial freedom, we need a BRICS currency).
7/10
XXXXXX engagements
Related Topics finance rio de janeiro rio empire developing economies swift india