• 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

Sygnum Achieves Unicorn Status with $58 Million Strategic Growth Round

chest

Sygnum Bank has completed an oversubscribed $58 million Strategic Growth Round, lifting its valuation to over $1 billion and officially making it a crypto unicorn.

user avatarAndrew Smith

Sygnum Bank Teams Up with BNY Mellon to Strengthen Blockchain-Linked USD Settlements

chest

Sygnum Bank announces a partnership with BNY Mellon to provide USD settlement services, bridging traditional finance and blockchain.

user avatarJacob Williams

OpenAI Launches New Security Initiatives to Combat Cyber Threats

chest

OpenAI is developing new security tools and initiatives to enhance cybersecurity defenses and address vulnerabilities in AI systems.

user avatarAyman Ben Youssef

OpenAI Issues Warning on Cybersecurity Risks from AI Advancements

chest

OpenAI has issued a warning about potential cybersecurity threats from future AI systems, which may create zero-day exploits targeting secure networks.

user avatarZainab Kamara

37,002 SOL Withdrawal from Binance Sparks Market Speculation

chest

A newly created Solana wallet has withdrawn 37,002 SOL from Binance, raising questions about the intent behind the transaction.

user avatarSon Min-ho

Invesco Galaxy Submits Filing for Solana ETF Listing

chest

Invesco Galaxy has submitted a Form 8A to the US SEC for the Invesco Galaxy Solana ETF, aiming for a listing on Cboe BZX Exchange under the ticker QSOL.

user avatarTando Nkube

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.