Technology42m ago
iBRICS Summit 2026: New charter aims to boost digital assets and cross-border payments
AI EXECUTIVE SUMMARY
The inaugural iBRICS Summit in New Delhi concluded with the adoption of the DART Charter, establishing a framework to connect digital currency systems across member nations. The initiative seeks to streamline cross-border transactions and multi-currency clearing by linking existing platforms like India's UPI and Brazil's Pix.
WHY IT MATTERS
This agreement creates a direct mechanism for BRICS nations to bypass traditional dollar-based payment rails and integrate their domestic digital payment infrastructures.
The inaugural iBRICS Summit 2026 in New Delhi concluded with the signing of the DART Charter, a framework for CBDC interoperability, multi-currency clearing, cross-border payments across BRICS nations. It aims to integrate systems like India's UPI and Brazil's Pix, reducing reliance on dollar rails.
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