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
Powell Holds Rates, But Two Colleagues Dissent
Jack DaviesJuly 30, 2025
The central bank published its official interest rate decision on Wednesday afternoon after a two-day meeting to deliberate U.S. monetary...
PayPal Now Allows US Businesses to Accept Bitcoin Payments
Jack DaviesJuly 30, 2025
PayPal has rolled out a new feature allowing U.S. businesses to accept payments in over 100 digital assets including bitcoin,...
OKX Integrates PayPal to Enable Seamless Crypto Access Across Europe
Jack DaviesJuly 30, 2025
Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with...
Revolut Eyes US Bank Buyout To Accelerate Its American License Bid
Jack DaviesJuly 30, 2025
British fintech and neobank Revolut is considering acquiring a US bank to accelerate its entry into the American market. According...