POSSIBLE REASON FOR US TO ADOPT BTC
Dollar disappears from trade between BRICS countries
The volume of use of national currencies in BRICS settlements has already exceeded the scale of dollar settlements.
by Glenda GonzĂĄlez September 23, 2024 Reading time: 4 minutes
coin with the BRICS group logo on stacked dollar bills with business happening in the background
The BRICS are working on developing their own payment method. Composition by CriptoNoticias. tippapatt; GustavsMD; kosmos111; artjazz/ stock.adobe.com; BRICS/ wikipedia.org
Key facts:
Using the dollar entails additional expenses, a BRICS spokesperson said.
All countries in the bloc are willing to use cryptocurrencies.
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While the BRICS countries (Brazil, Russia, India and South Africa) are developing their own payment system, international trade is using the dollar less and less.
According to statements made by the vice president of the Chamber of Commerce and Industry of the interstate association of BRICS, Samip Shastri, the volume of settlements in the national currencies of the member countries already exceeds the volume of settlements in dollars.
