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BRICS: Digital currency in the fight against the dollar!
BRICS plans CBDCs for de-dollarization; a potential move after the 2024 summit to reduce Western dominance.
BRICS: Digital currency in the fight against the dollar!
The BRICS alliance, the emerging economic alliance made up of Brazil, Russia, India, China and South Africa, is tired of constantly being in the shadow of Western economic powers. Now they're going all out! After the 2024 BRICS summit, the alliance plans to boldly deploy central bank digital currencies, known as CBDCs, to finally emerge from the shadow of the US dollar. This could turn the global economy upside down! The BRICS have been unstoppable since last year. The constant focus on blockchain payment methods shows that they are tirelessly working on a global network that is intended to make the “green bill” look old. But the path there won't be a walk in the park. For details, see the latest coverage on watcher.guru.
Expectations were disappointed at the recent summit: no revolutionary new payment system, no unified BRICS currency. Vladimir Putin has dashed hopes, saying no new trade settlement infrastructure will be built. A unified BRICS currency remains a dream for the time being. But a ray of hope: The “BRICS Pay” system, already introduced, could soon integrate digital currencies! Big things are on the horizon here, while the BRICS continue to apply pressure. Despite everything, they don't give up. Find out more about this exciting development, as watcher.guru reports.