Brazil, Russia, India, China, and South Africa, popularly known as BRICS are adapting the common payment system. It will enable the seamless trade between the countries and also tackle the dominance of the US dollar in the international markets. In this summit, the idea of a common cryptocurrency for the five nations has been discussed as well. An integrated payment system will play a major role in emerging economies. Whether or not any cryptocurrency will be used or created for the purpose is not confirmed.