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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 ...

Trump warns allies that ultimatum letters are coming within weeks, and this accelerated approach signals the end of trade negotiations and the start of unilateral action across various major trading partnerships. The President made it crystal clear that countries have until July 9 to accept his terms or face full tariff implementation, as trade war escalation has catalyzed threats to global market stability across the board. Speaking at the John F. Kennedy Center for the Performing Arts in Washington, Trump warns allies that patience is running out for bilateral deals, and right now, the stakes couldn’t be higher for several key international relationships. Trade War Escalation Sparks Fears Over Global Market Stability Source: Watcher.Guru Trump Warns Allies Time Is Up The President delivered his starkest warning yet about upcoming tariff decisions, and through various major policy shifts, Trump warns allies that the negotiation window has been revolutionized rapidly. This represe...

The abandoning U.S. dollar trend has recently gained momentum following Trump’s tariffs on global imports. Financial markets have responded with alarm as the U.S. Dollar Index has actually dropped to its lowest levels since the presidential election, and has fallen nearly six percent since early 2025. This shift in currency dynamics is now raising serious questions about the future dominance of the U.S. dollar in international trade and finance. Also Read: Top 3 Cryptocurrencies To Watch This Week How Trump’s Tariffs Accelerate the Abandonment of the U.S. Dollar in Global Trade Source: Reuters Market Reactions Show Dollar Decline The dollar has been falling against most major currencies after the reciprocal tariffs were implemented last week. At the time of writing, the U.S. Dollar Index has dropped below 102 points twice last week, hitting its lowest post-election levels. The growing abandon U.S. dollar concerns have intensified especially after last Thursday’s 1.7 pe...