SWIFT already handles a diversity of currencies including Renminbi](https://www.statista.com/statistics/1189498/share-of-global-payments-by-currency/), so that’s not what CIPS is about.

Swift handles customer-initiated and institutional payments but excludes trade. Foreign currency reserves are mainly for trading between countries.

an alternative to the imperial core’s transaction system.

World systems theory is an abstract concept, that doesn't account for an anti imperialist movement. Just take it from Immanuel Wallerstein, the person who created it.

"There are today no socialist systems in the world-economy any more than there are feudal systems because there is only one world system. It is a world-economy and it is by definition capitalist in form"

By the theory you are utilizing, China is not an alternative to "the imperial core" it's trying to take the belt.

Implying that BANCOR is anything like a gold standard only shows that you don’t have even a Wikipedia-level understanding of BANCOR.

Lol, BANCOR was named after French for Bank Gold. It is a standardized monetary system for trade based on gold.