• 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

Brett: The Under-the-Radar Meme Coin

chest

Brett is gaining attention as a sleeper pick among meme coin enthusiasts with potential for growth.

user avatarLucas Weissmann

Fartcoin: The Outlandish Meme Coin with Growth Potential

chest

Fartcoin combines humor with community engagement, aiming for growth in the crypto ecosystem.

user avatarFilippo Romano

Baby Doge Coin: The Charitable Meme Coin

chest

Baby Doge Coin stands out for its charitable focus and strong community support.

user avatarJesper Sørensen

Bittensor Prepares for Upcoming Halving Event

chest

Bittensor is set to undergo a halving event that could positively impact its tokenomics by reducing the block reward and creating scarcity in the TAO token supply.

user avatarTomas Novak

Artificial Superintelligence Alliance Launches Public DevNet

chest

The Artificial Superintelligence Alliance has launched its ASIChain DevNet for public access, allowing developers to test the network and showcasing its technology.

user avatarEmily Carter

Sony Unveils Soneium, a New Layer-2 Blockchain

chest

Sony Block Solutions Labs has announced the launch of Soneium, a new layer-2 blockchain aimed at attracting developers from gaming, entertainment, and finance sectors.

user avatarAisha Farooq

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.