BRICS Pay Cross-Border Payment System Exposed as Hoax by Crypto Currency Promoters

Claims that the countries that make up BRICS, a grouping of emerging market economies, were backing a cross-border payment system known as BRICS Pay have been exposed as a hoax.

The ambitious ruse, involving fabricated news and a fake website, emerged during the group’s October summit in the Russian city of Kazan with claims that a pilot project had been launched in China.

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