On March 14, according to Brazilian media O Globo, Brazil plans to simplify international financial transactions for import and export contracts between BRICS member states by using blockchain technology. This issue will become one of the priorities during the Brazilian presidency. Brazil's rotating presidency will last for one year starting in January 2025. This proposal is different from the previously proposed idea of creating a common currency for BRICS countries. Sources said the move was not aimed at creating a standard trading currency for foreign trade that competes with the US dollar. The focus this time is on improving the efficiency of international transactions, which can be achieved through a technology closer to the instantness and programmability of cryptocurrencies, which are already widely used in informal settings.