India’s central bank has proposed that BRICS countries link their digital currencies to enable faster and cheaper payments within the bloc. India wants to add this proposal to the agenda…
Browsing: BRICS
Iran is exploring the use of cryptocurrencies while urging BRICS nations to accelerate efforts to reduce dependence on the U.S. dollar. Crypto enables Iran to maintain its economic sovereignty and…
Ripple may have spent over half a decade in court with the SEC, but SWIFT’s CIO argued that surviving lawsuits doesn’t equate to true resilience. The XRP community is banking…
When Bitcoin was founded in 2009 by Satoshi Nakamoto, it was simply considered a new digital currency by the vast majority. Currently, Bitcoin is the first choice considered when an…
On July 6 and 7, leaders from across the BRICS nations will gather in the culturally rich city of Rio de Janeiro, Brazil, for the annual BRICS Summit. One of…
For some time now, global powers like the BRICS nations have continuously worked to reduce their reliance on the US dollar. A token that is well-suited for this challenge is…
For more than ten years, the BRICS nations have been working to reduce their dependence on the U.S. dollar for foreign trade and reserves. XRP could be a token used…
Russia maintains a composed yet serious stance, emphasizing BRICS aims to reform global finance, not challenge the dollar. Despite U.S. threats and tariff hikes, Russia counters with targeted duties while…
Russian bailiffs have recently been granted the authority to convert confiscated Bitcoin from criminal activities into state revenue. The Russian government has seized millions in cryptocurrency from illicit activities, but…
BRICS nations are advancing digital assets like tokenized gold and crypto to reduce reliance on dollar-based financial systems. Concerns over the U.S. dollar’s stability and Fed support are pushing global…
A recent tweet from crypto analyst Amelie has ignited discussion that XRP might be used in BRICS’s new cross-border payment system. The BRICS nations have been actively developing a decentralized…
Brazil, as president of the BRICS, is advancing digital payment solutions to reduce reliance on Western financial systems like SWIFT. Inspired by Brazil’s Pix, the proposed system aims to enable…
Russia is reportedly using cryptocurrencies for oil trade with China and India, according to four anonymous sources who declined to be identified due to the issue’s sensitivity. This move comes…
Russia is moving forward with a gold digital asset pilot to find advanced payment solutions for the BRICS bloc. BRICS member states risk tariff hikes from the US amid a…
Donald Trump warned BRICS nations that any attempt to undermine the U.S. dollar would lead to a 150% tariff and a trade halt. BRICS members continue exploring trade in local…
Vladimir Putin has directed Gazprombank Deputy CEO Dmitry Zauers to explore a collaboration with billionaire Elon Musk to drive technological advancements. Elon Musk has yet to make any public statements…
BRICS is expected to control 40% of the global economy by 2030, while the Western bloc’s share may shrink to 27%. Former U.S. President Donald Trump has warned of 100%…
Russia and India now conduct nearly 90% of direct transactions in national currencies, strengthening financial ties and reducing reliance on the U.S. dollar. India-Russia trade surged 8.6% to $64.5 billion…
India and Indonesia enhance trade by settling transactions in rupees and rupiahs, sidelining the US dollar to bolster economic ties within BRICS. Despite warnings and tariff threats from former US…
US President Donald Trump has warned against de-dollarization by the BRICS bloc. The potential of Bitcoin displacing the Dollar remains a key consideration among proponents. President Donald Trump has warned…