Brazil, Russia, India, China, and South Africa, or the BRICS economic bloc, have been working on issuing cross-national digital money in order to reduce the dependence of their economies on the United States and the petrodollar hegemony. While it is still unknown what the BRICS cryptocurrency will look like exactly, experts are discussing what it could potentially be tied to.
Chinese authorities are interested not only in the development of a unified cryptocurrency for settlements with BRICS countries but also in the launch of a national cryptocurrency that would serve as a shield against the economic adversary across the Pacific.
The articles included in this video presentation:
https://brics-econ.org/archive/2020.Vol.1.No.4/6/
https://brics-econ.org/sys/raw.php?o=2020&p=ArticlePDF
https://sites.tufts.edu/fletcherrussia/parv-aggarwal-barriers-to-de-dollarization-within-brics/
https://cointelegraph.com/news/brics-nations-discuss-shared-crypto-to-break-away-from-usd-and-swift
https://sites.tufts.edu/fletcherrussia/parv-aggarwal-barriers-to-de-dollarization-within-brics/
Three Visual Aids Referenced In This Video:
https://cdn.discordapp.com/attachments/832456983834525706/949040634004639784/brics_pay_network.JPG
https://cdn.discordapp.com/attachments/832456983834525706/949040209897607248/smart_contract.JPG
https://media.discordapp.net/attachments/832456983834525706/949040666657292288/c_bdc_BRICS.JPG
One-time donation through PayPal: https://www.paypal.com/
Become a monthly sponsor on Patreon: https://www.patreon.com/rtd
0 Comments