BRICS Launches Intrabank System: Disruption of Western…

Politics

BRICS Launches Intrabank System: Disruption of Western Finance System?

Over the past month, BRICS has made significant strides that highlight its growing influence on the global stage. With an expanding membership and innovative financial initiatives, the bloc is positioning itself as a…

March 10, 2025 • 3 min read • Art Grindstone

Art Grindstone is the hard-nosed storyteller behind Unexplained.co, a veteran investigator whose life’s work sits at the crossroads of the paranormal, fringe science, and the shadows most people try not to look into. With decades spent chasing impossible stories — black-budget psychic programs, vanished Cold War experiments, desert rituals that sparked UFO waves, and the strange phenomena buried in America’s forgotten backroads — Art brings a rare combination of skepticism, awe, and journalistic precision. He’s not here to debunk. He’s not here to blindly believe. He follows the evidence wherever it leads — even when it leads someplace deeply uncomfortable. Known for his immersive, cinematic style and his ability to turn obscure research into gripping narrative, Art has built a devoted following across podcasts, long-form features, documentaries, and serialized investigations. His interviews are direct. His analysis is unflinching. His voice has become a staple in the modern paranormal renaissance — the guy people turn to when a story is too strange, too complex, or too dangerous for anyone else to touch. Off-mic, Art works with a distributed network of researchers, archivists, and field operatives who help surface the stories mainstream media ignores. On-mic, he transforms their findings into meticulous, high-impact reporting that refuses to insult the intelligence of true believers. His philosophy is simple: Take the phenomenon seriously. Treat the audience with respect. Tell the story as if the world depends on it — because sometimes it does. When Art Grindstone digs into a case, he isn’t just chasing a mystery. He’s tracing the fault lines of reality itself.

In This Report(6)

Over the past month, BRICS has made significant strides that highlight its growing influence on the global stage. With an expanding membership and innovative financial initiatives, the bloc is positioning itself as a formidable alternative to Western-dominated financial systems.

Key Takeaways

BRICS is attracting interest from 40 to 47 countries seeking membership.
The bloc aims to reduce reliance on the U.S. dollar through an intrabank payment system.
Russia and Iran have linked their national payment systems to enhance economic collaboration.
BRICS is expanding its influence in global trade and energy markets.

The Rise of BRICS

As of August 2024, BRICS has seen a surge in interest from various nations, particularly from Africa, Asia, and South America. Countries are eager to join the bloc, driven by the desire to challenge the existing global economic order dominated by institutions like the IMF and World Bank. This shift is largely motivated by the need to diversify away from the U.S. dollar, which many perceive as a risk to their economies, especially in light of potential U.S. economic downturns.

Financial Independence Initiatives

One of the most notable developments is the intrabank payment system that BRICS is working towards. This system aims to facilitate cross-border transactions without relying on the U.S. dollar. A significant step in this direction was the collaboration between Russia and Iran, which linked their national payment systems. This integration allows transactions to be processed using their respective currencies, the ruble and rial, effectively bypassing the dollar and the SWIFT network.

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Key Benefits of the Integration:
- Circumvention of Western Sanctions: Both nations can conduct trade without the constraints imposed by Western financial systems.
- Increased Trade Volume: Over 60% of trade between Russia and Iran is now conducted in national currencies, with bilateral trade surging by 15% to $4.6 billion.
- Enhanced Financial Services: Russia’s VTB Bank has launched services for money transfers between the two countries, further solidifying their economic ties.

Expanding Membership

The interest in joining BRICS is not limited to Russia and Iran. Several countries have taken steps toward membership:

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