Countries from Russia to China are building payments systems that could threaten the dollar's global dominance

The West's tightening sanctions are driving Russia nearly up against the wall - but Moscow keeps finding ways to keep the country's economy going, highlighting its resilience.

Innovations in payment technology could reduce the dollar's role in the global economy, showing how new platforms might challenge the entrenched dominance of 'king dollar'.

Despite Western sanctions, trade between Russia and China, as well as Russia and India continues, demonstrating that alternative systems are being developed to facilitate these business relationships.

Discussions about de-dollarization are gaining traction as countries look to develop alternative payment systems, driven by the desire to avoid repercussions from the US-led financial order.

Read at Business Insider