Caixin: Reserve Bank of India proposes to promote "BRICS digital currency interconnection," planning to build a cross-border settlement "bridge" using consortium blockchain

BlockBeats News, February 3rd, according to Caixin, as the rotating chair of the BRICS countries, the Reserve Bank of India has officially proposed to promote the establishment of a “BRICS Digital Currency Interconnection” system, aiming to use blockchain technology to build a cross-border settlement network that bypasses the US dollar and directly connects the payment systems of BRICS countries.

This plan is not about issuing a new “BRICS coin,” but rather a practical interconnection platform/settlement bridge, possibly based on a permissioned blockchain (consortium chain) architecture, with central banks of each country jointly serving as validation nodes to maintain the distributed ledger, balancing sovereignty control while improving cross-border settlement efficiency and transparency.