-America has lost the supremacy of the dollar in world tradeđ„
The dollar, the dominant U.S. currency in global trade, faces growing challenges. Not using the dollar, particularly in energy trading, could undermine the economic superiority of the United States.
-Saudi Arabia's decision: it no longer sells oil in US dollarsđ„
Saudi Arabia made a big change in energy markets and decided not to use the US dollar for its oil sales. This could be a sign that countries are turning to alternative currencies in energy trading. The move could reshape Saudi Arabia's energy trade relationship with the United States and have a significant impact on global energy markets.
The rise of cryptocurrencies đȘ
These developments could increase the role of cryptocurrencies in global trade. Loss of confidence in traditional currencies may lead investors and trading countries to turn to alternative financial instruments. Cryptocurrencies such as Bitcoin and Ethereum, in particular, can present themselves as secure alternatives thanks to their decentralized structure and limited supply.
The advantages of cryptocurrencies can be:
Independence: Their independence from central authorities makes them less sensitive to economic and political fluctuations.
Transparency and security: Thanks to Blockchain technology, transactions are carried out transparently and securely.
Fast, low-cost transactions: Cryptocurrencies offer fast, low-cost solutions for cross-border transactions.
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