BRICS Nations Discuss Creation of New Crypto For Unified Payment System

[newshunter]

BRICS Nations Discuss Creation of New Crypto For Unified Payment System

BRICS member nations discussed the creation of new crypto at recent summit

Source: BRICS Nations Discuss Creation of New Crypto For Unified Payment System

Would appreciate your opinion about this

[Fenix]

In any case, this is very good news. If Brazil, Russia, India, China and South Africa create a common cryptocurrency for mutual settlements, this will increase the popularity of a common decentralized cryptocurrency.
However, in this article I was more interested in the proposal of the German Banking Association to create a digital euro. This is good evidence that cryptocurrency will evolve.

[Goodcat49]

BRICS Nations Discuss Creation of New Crypto For Unified Payment System

<p>BRICS member nations discussed the creation of new crypto at recent summit</p>

Source: BRICS Nations Discuss Creation of New Crypto For Unified Payment System

Would appreciate your opinion about this

Well, the idea is great but I think they would never decide what currency to choose.

[Senin]

Stable coins combine the capabilities of an ordinary currency and cryptocurrency. Therefore, the digitized currency has very broad prospects for use. It is very good that states and their unions pay attention to digitized currency. This will contribute to the development and popularity of a common decentralized cryptocurrency.

[Bestzee]

Stable coins combine the capabilities of an ordinary currency and cryptocurrency. Therefore, the digitized currency has very broad prospects for use. It is very good that states and their unions pay attention to digitized currency. This will contribute to the development and popularity of a common decentralized cryptocurrency.

Agreed sir, that’s a great step to take nations closer to development and growth. Every country should take such steps now.

[Noverteno]

I see that the decision of Facebook to issue its global stable coin Libra gave a powerful impetus to the development of various stable coins of world states and their associations. This is very good for both regular currency and cryptocurrency. First, the Chinese government announced the completion of the project of its national stable coin CBDC, then the USA made a statement of intention to issue its own stable coin, now such a statement was made by the BRICS countries. They see that if they don’t do it, others will do it and they will miss their financial opportunity to enter this new market.