PANews reported on December 2 that recent rumors circulating online about a so-called BRICS Pay system being piloted in China have been confirmed as questionable. Relevant departments stated that Chinese monetary authorities are not aware of the existence of 'BRICS Pay,' have not participated in related projects, and there is no statement about launching a pilot program.
It is reported that 'BRICS Pay' claims to be a decentralized multilateral cross-border payment system jointly launched by BRICS countries, and there have appeared English and Chinese versions of its 'official website' online, attracting attention. Many industry insiders have pointed out that this could be a false advertising tactic in the cryptocurrency field aimed at misleading the public into investing, and caution is advised.
It was previously reported that Trump demanded BRICS countries to use the dollar, or else they would face a 100% tariff and bid farewell to the U.S. market.