BRICS takes a similar stance as the ASEAN bloc by ditching the US Dollar while they consider a common currency for international trade. Bitcoin is rumored to be under consideration…
Browsing: BRICS
Ripple CTO recently argued that it is only a matter of when not if before countries adopt decentralized digital assets as reserve currency. XRP is already used by dozens of…
A report indicates that BRICS nations led by China and Russia are stockpiling gold that could be used to back a new currency to challenge the U.S. Dollar. Ripple’s XRP…
S&P doesn’t expect significant short-term economic gains from BRICS expansion, including Saudi Arabia, Iran, UAE, Argentina, Egypt, and Ethiopia. JP Morgan analyzes BRICS de-dollarization efforts; the U.S. dollar’s global dominance…
Beijing has requested its US counterparts to ease the import tariffs and export controls in a bid to strengthen the trade between the two superpowers. China’s President Xi Jinping and…
The tendency for BRICS to embrace Ripple (XRP) as its currency is being nursed by supporters. The bloc has continued to expand with the addition of new members. With the…
BRICS nations discuss the potential of a common currency and digital payment system, hinting at a shift away from the U.S. dollar’s dominance. Ripple’s XRP sees an opportunity amidst global…
The BRICS summit is underway and the coalition has been suggesting a new payment system that isolates the U.S. Dollar. The bloc has confirmed new members will include UAE, Egypt,…
President Vladimir Putin of Russia has predicted a further decline for the US Dollar. There are permutations that Bitcoin can also replace the Dollar in the near term. The United…
South Africa’s local currency Rand witnessed some strengthening ahead of BRICS Summit this week. South Africa’s BRICS Ambassador said that the member nations, however, won’t be discussing de-dollarization in the…
Rapid interest in BRICS membership surges as nations seek alternatives in a multipolar world. Despite critics, the bloc holds 40% of the global population and now exceeds the G-7 in…
BRICS member countries are already conducting international transactions in their local currencies, limiting their dependency on the U.S. dollar. BRICS is expected to launch a new currency or new method…
BRICS member countries are seeking to abandon the USD that they accuse the U.S. of weaponizing to control other countries. Set to establish a new currency, Bitcoin and gold could…
Iran courts South Africa for support in its BRICS membership bid. South Africa’s internal challenges juxtaposed with its aspirations in BRICS. In a recent report by The Citizen Newspaper, as…
South Africa Prepares for BRICS Summit and Expansion where leaders will discuss expanding the economic bloc. BRICS nations have been working to end the dominance of the US Dollar and…
With more than 20 countries applying for BRICS, South Africa has announced that new member states will be confirmed at the upcoming summit. The global shift towards de-dollarization is suited…
U.S. Press Secretary Karine Jean-Pierre, has recently revealed that the U.S. policy allows its partners to seek BRIC membership. Finance author Robert Kiyosaki reveals that the BRICS is set to…
The BRICS summit to be held in South Africa in August could reveal the fate of Bitcoin as an adopted currency. A report has highlighted some of the challenges the…
White House Press Secretary Karine Jean-Pierre addresses U.S. partners’ interest in BRICS, emphasizing non-interference and promoting governance and economic models benefits. BRICS summit invites 69 countries and excludes Western nations.…
The upcoming August Summit, potentially attended by more than 40 nations, is set to highlight a pivotal BRICS initiative to challenge the U.S Dollar’s global hegemony. Bitcoin and gold could…