With cross-border payment system, can Brics countries take on the US dollar?

At the recently concluded Brics summit held in Brazil, leaders of member countries reaffirmed their commitment to the Brics cross-border payments initiative. First proposed in 2015, this system aims to make transactions between nations more accessible, faster and safer. It is also seen as a way to challenge the hegemony of the American dollar in world trade. However, progress on this proposal has been slow

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