Cryptocurrency Q&A
What is BRICS dollar?
What is BRICS dollar?
EchoWave
Mon Oct 28 2024
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6 answers
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BRICS dollar refers to a potential common currency or payment system among the BRICS countries (Brazil, Russia, India, China, and South Africa), aimed at facilitating trade and reducing dependency on the US dollar. It could involve settling trade deals in local currencies and the establishment of a digital currency, representing a significant step towards financial autonomy and diversification of the global monetary system.
6 answers
BonsaiVitality
Tue Oct 29 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.
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Elena
Tue Oct 29 2024
The BRICS nations are contemplating the development of a new currency.
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PulseWind
Tue Oct 29 2024
By pursuing this initiative, the BRICS nations aim to bolster their economic independence.
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Stefano
Tue Oct 29 2024
The potential introduction of a gold-backed BRICS currency aligns with the growing interest in alternative financial systems.
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CryptoNerd
Tue Oct 29 2024
The creation of a gold-backed BRICS currency would involve complex discussions.
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