BRICS plans Bitcoin revolution: end of dollar rule?

BRICS plans Bitcoin revolution: end of dollar rule?

Spectacular turnaround in the international financial world! The BRICS countries are planning a bold step – to introduce Bitcoin as a currency for international payments. The topic could become the talk of the upcoming 2024 summits and reinforce the group's de-dollarization drive. The economic bloc has long been looking for ways to undermine the dominance of Western currencies, and now the solution could lie in the world of cryptocurrencies.

The alliance, which has been increasingly promoting local currencies since 2022, could soon rely on Bitcoin to expand its international trading power. Russia in particular is making progress – after the end of the crypto ban, the country has encouraged Russian miners to sell BTC internationally as the watcher.guru article reports. This could not only boost trade but also serve as a shield against Western sanctions. A bold step for BRICS that could shake up the global economic order.