• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Potential BRICS Payment System: Challenges for the U.S. Dollar

user avatar

by Giorgi Kostiuk

a year ago

  1. Growing Interest in BRICS Payment System
  2. Potential Gold-backed Currency
  3. Exploring Cryptocurrencies and Blockchain in BRICS


    4. Just weeks after the announcement of the BRICS Payment System, it has attracted global interest. A Russian official revealed that 159 countries have shown interest in adopting the system, which might be launched in October.

    Growing Interest in BRICS Payment System

    The surge in interest in the new BRICS payment system is linked to expectations that the U.S. might weaponize the SWIFT system against countries with tense relations with America.

    Potential Gold-backed Currency

    Among the discussions within BRICS, the possibility of creating a gold-backed currency is being explored. This initiative could significantly impact global financial markets.

    Exploring Cryptocurrencies and Blockchain in BRICS

    BRICS is also exploring the use of cryptocurrencies and blockchain for cross-border trade, with Russia leading in cryptocurrency adoption.

    The end of US dollar dominance. The world is abandoning the bully. The US won’t be able to raise debt. Money printing will be the only tool. Hyperinflation will destroy US assets. Expect the >biggest crash< in history.Kim Dotcom

    The BRICS payment system and the opportunities it opens up could significantly impact the global financial landscape and challenge the dominance of the U.S. dollar.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana's Unique Technology and Features

chest

Solana utilizes a unique mechanism called Proof of History (PoH) combined with Proof of Stake (PoS) to confirm transactions efficiently.

user avatarMohamed Farouk

Singapore Gulf Bank Partners with Fireblocks for Secure Digital Custody

chest

Singapore Gulf Bank has partnered with Fireblocks to ensure the security of digital transactions and protect client funds using advanced cryptography.

user avatarElias Mukuru

Apeing Emerges as a Promising 100x Meme Coin Opportunity

chest

Apeing is gaining attention as a potential 100x meme coin due to its limited whitelist access and structured pricing.

user avatarDiego Alvarez

Margin Optimization Techniques for Institutional Hedgers

chest

Effective margin management is crucial for minimizing collateral costs in derivative positions.

user avatarMaria Fernandez

Dynamic Basis Ratio Adjustments for Effective Hedging

chest

Dynamic hedging protocols allow for continuous adjustments to hedge ratios based on market conditions.

user avatarGustavo Mendoza

Synthetic Futures: A Flexible Risk Transfer Solution

chest

Synthetic futures contracts provide a way to achieve forward contract payoffs without counterparty risks.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.