Several international analysts examined how the introduction of a BRICS international payment system might affect the current use of the U.S. dollar in trade. Experts cited sanctions evasion, cost reduction, and transaction confidentiality as the main advantages of this system compared to alternatives like SWIFT. Experts Warn Upcoming BRICS Payment System Might Dent Dollar’s Trade […]
Source link

Chain Articles > Blog > Bitcoin > Checkmate: How Adopting a BRICS Payment System Might Erode the Dollar’s Dominance in Trade Markets
Checkmate: How Adopting a BRICS Payment System Might Erode the Dollar’s Dominance in Trade Markets
posted on
You Might Also Like
Still Standing: The Russian Ruble Is 2025’s Best-Performing Currency to Date
Jack DaviesJune 10, 2025
The rise of the Russian ruble has less to do with a rise in confidence in the currency and more...
Webcast: SEC Final Crypto Rules — What #CryptoPH Needs to Know
Jack DaviesJune 10, 2025
Kailangan na ba magregister? Bawal na ba mag-crypto content? Last week, we’ve heard the KOLs, this week, let’s listen to...
Uphold May Go Public, Betting Big on XRP-Loving Americans
Jack DaviesJune 10, 2025
Uphold, the trading app that lets users swap everything from Bitcoin to gold, might be headed for Wall Street. The...
New York City Won’t Be Issuing BitBonds Anytime Soon
Jack DaviesJune 10, 2025
Since 2021, Mayor Eric Adams has been talking about how he’s going to make New York City the center of...