• 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

Binance Introduces New Features and Delists Eight Trading Pairs

chest

Binance announces new features including Web3 Loan and recurring send, while also delisting eight trading pairs.

user avatarBayarjavkhlan Ganbaatar

Sharp Decline in US Federal Workforce Linked to Trump's Second Term

chest

A new chart reveals a significant drop in the US federal workforce starting in 2025, coinciding with President Trump's second term.

user avatarDiego Alvarez

Bitcoin Price Faces Volatility as US Traders Sell into Consolidation

chest

Bitcoin has been experiencing significant price fluctuations since the start of the month, with US traders actively selling during the consolidation phase.

user avatarElias Mukuru

COTI and Secret Network Join Forces to Enhance Privacy in Blockchain

chest

COTI, led by CEO Shahaf BarGeffen, hosted an event with Secret Network to advance DeCC collaborations and privacy-focused blockchain technology.

user avatarKenji Takahashi

Exploring Debt Consolidation Options for Better Financial Management

chest

Debt consolidation can simplify finances by merging multiple high-interest obligations into a single payment.

user avatarJesper Sørensen

Market Conditions Affecting Shiba Inu's Momentum

chest

The Relative Strength Index indicates a lack of strong momentum for Shiba Inu, with low trading volume.

user avatarGustavo Mendoza

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.