The BRICS move that could change the global money game

The BRICS have just launched BRICS Pay and their own digital coin. This is no small move: they are directly targeting the reign of the dollar and the control that the SWIFT system exerts over global trade.

What is happening?

BRICS Pay operates on blockchain. That sounds technical, but what it implies is important: direct payments between Brazil, Russia, India, China, and South Africa without relying on U.S. intermediaries. It integrates QR codes, connects with WeChat Pay, Visa, and Mastercard, but the key is elsewhere: it allows transactions between local coins without having to go through the dollar.

The digital block coin —tentatively named “Unir”— is backed by gold. That is no coincidence. It is the clearest possible message: we are building something that does not depend on the volatility of the dollar or U.S. sanctions.

Why it matters (and much)

For BRICS countries:

• Reduce exposure to sanctions
• They avoid fluctuations of the dollar in bilateral trade
• They gain real financial independence

For the crypto market: This opens up a fascinating scenario. If BRICS Pay gains traction, we are talking about trillions of dollars in transaction volume that could flow outside traditional channels. New stablecoins linked to baskets of BRICS coins, possible integrations with Layer 1 blockchains, demand for DeFi infrastructure tailored to these markets.

Argentina, South Africa, India… these are markets where crypto adoption is already high due to inflationary reasons or capital controls. A BRICS Pay system with blockchain integration could accelerate that adoption exponentially.

The fundamental question

Is a multipolar world in finance being built? Probably. Will it replace the dollar tomorrow? No. But every brick in this structure takes power away from the previous system. And in cryptocurrencies, that has always meant opportunities.