Brics currency crypto

brics currency crypto

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New BRICS Gold Currency?
The BRICS (Brazil, Russia, India, China and South Africa) have demonstrated their commitment to abandoning USD as a global reserve currency. Explore Fidelity's Crypto Opportunities Through a Choice of Offerings to Suit Your Needs. Unlike many cryptocurrencies that operate independently of national economies, BRICS Coin is underpinned by a long-term vision of economic cooperation among its member nations.
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Enhanced Trade and Investment A BRICS currency could dramatically deepen trade ties, facilitating simplified transactions and potentially reducing costs for businesses within the bloc. The concept of de-dollarization is already in the air, and the BRICS currency is another move in that direction. Challenges that make some say that, in fact, the issue by the BRICS of a gold-supported currency is an unfeasible project.