How Crypto Is Powering De-Dollarization
At the sixteenth annual BRICS Summit in Kazan, Russia, several leading members discussed cryptocurrency’s role in de-dollarization. The Presidents of Russia, China, and Iran all stressed the need for new digital platforms.
The core of this de-dollarization effort is BRICS Pay, a payment solution platform based on blockchain technology and CBDCs.
BRICS Summit 2024
The sixteenth annual BRICS Summit has officially kicked off in Kazan, Russia, and one topic has risen to prominence: de-dollarization. At the BRICS Business Forum days prior, Russian President Vladimir Putin discussed using crypto assets and central bank digital currencies (CBDCs) for secure payments. Now, the topic has grown even further:
“There is an urgent need to…
