The Banker
February 13, 2025 at 11:42 AM
💳 Despite the risk of economic retaliation from the US, initiatives like Project mBridge continue to advance. Analysts suggest that Brics countries will persist in developing cross-border payment solutions, even if progress becomes less transparent.
⏳ The US Federal Reserve has signalled resistance, but experts argue that Brics nations are playing a longer game. With mBridge offering faster, cheaper transactions beyond the dollar-based system, interest from new participants is likely to grow.
🌐 As geopolitical tensions rise, some see the push for non-dollar alternatives accelerating. The question remains: will US pressure deter innovation, or will projects like mBridge reshape the global payments landscape?
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