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BRICS members China and Indonesia have collaborated to launch a new QR code-based payment system to avoid using the US dollar for transactions. Bank Indonesia (BI) and the People’s Bank of China (PBOC) are currently running pilot tests for cross-border QR code payments. Indonesia will run the QRIS in China, allowing payments in local currencies and not the US dollar. QRIS is Indonesia’s payment interface, providing seamless transactions by just scanning via smartphones. China has given Indonesia the green signal to implement QRIS across the country, allowing users to use the payment system when implemented. The new deal among the two BRICS members paves the way for QR code payments to take center stage. The US dollar will no longer be the de facto payment option, allowing local currencies to be implemented nationwide. Business-to-business (B2B) enterprises in China and Indonesia will be the most beneficial if the program is implemented and goes live. Also Read: India’s Rupee Goes ...

Mastercard and Chainlink (LINK) are partnering to enable Mastercard cardholders to purchase cryptocurrency directly on-chain. The two companies shared the announcement on Tuesday morning, signaling a “major step forward in the mainstream adoption of Web3.” JUST IN: Mastercard partners with Chainlink to "enable billions of cardholders to purchase crypto directly onchain." pic.twitter.com/KXbkQKE694 — Watcher.Guru (@WatcherGuru) June 24, 2025 “This is the type of traditional finance and decentralized finance convergence that Chainlink was built to make possible. I’m excited about Chainlink’s ability to enable this critical connection between the traditional payments world and the over three billion cardholders in the Mastercard user base, directly into the next generation trading environments of onchain decentralized exchanges,” said Sergey Nazarov, Co-Founder of Chainlink. “It has been great collaborating closely with the Mastercard team on...