BRICS does not need to kill SWIFT to change cross-border architecture
The interesting BRICS payments question is not geopolitics. It is architecture: when a US company pays a supplier in a BRICS country, does the payment still default to USD correspondent banking, or does the hub choose the corridor before release? A mature local-currency corridor adds a routing decision, and that decision is middleware, policy, liquidity, and evidence rather than a new button in the portal.
Lead essay
Start here when you want the current Doric argument instead of a chronological archive.
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