• 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

Challenges Ahead for SparkLend as TVL Hits 4 Billion

chest

Challenges Ahead for SparkLend as TVL Hits 4 Billion

user avatarMohamed Farouk

SparkLend TVL Reaches 4 Billion, Transforming DeFi Liquidity

chest

SparkLend's total value locked (TVL) has surged to 4 billion, marking a significant milestone in decentralized finance.

user avatarBayarjavkhlan Ganbaatar

Analysts Identify Descending Channel Structure for INJ

chest

Analysts have identified a wide descending channel for Injective (INJ), suggesting an accumulation phase before a potential breakout.

user avatarMaria Fernandez

Balancer Sets 180-Day Claim Window for Users and White Hats

chest

Balancer's proposal includes a 180-day claim window for users and white hats to claim their funds and bounties.

user avatarElias Mukuru

Emirates Gold and Public Gold Unveil the World's First Fintech-Enabled Gold ATM

chest

Emirates Gold and Public Gold have launched the first fintech-enabled Gold ATM in the UAE, enhancing access to precious metals.

user avatarKenji Takahashi

Emirates Gold and Public Gold to Expand Gold ATM Network Across the UAE

chest

Emirates Gold and Public Gold plan to deploy 35 to 40 Gold ATMs across the UAE by 2026.

user avatarLuis Flores

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.