Brazil seeking financial transformation in Brix using blockchain technology

According to the Brazilian news agency, the country, as the BRIX period president of the year, is discussing modernization of international financial transactions to increase the efficiency of the emerging economies.

It supports blockchain -based technologies to optimize contracts and payments among Brix members. This is one of the key elements of the Brazilian project to facilitate trade and investment, which is recognized as one of the five main leaders in Brix.

Official sources have emphasized that the project is designed to improve the efficiency of transactions between member states.