A senior Russian official said BRICS countries are working on a new form of currency that could be discussed at the next leaders’ summit, as the bloc continues expanding local-currency settlement efforts.
South Africa says 69 leaders have been invited to the upcoming BRICS summit, including all African heads of state and key Global South bodies, while more than 40 countries have shown interest in joining the bloc.
Major Jason Lowery, author of 'Softwar,' argues that Bitcoin's independence from US control makes it the ideal global reserve asset for nations like BRICS, warning against choosing XRP, USDT, or meme coins. He also criticizes any US government plan to sell Bitcoin as a strategic mistake.
Major Jason Lowery, author of Softwar, argues that BRICS and other global competitors will choose Bitcoin as their reserve asset precisely because it operates beyond U.S. control, criticizing attempts by Ripple to push XRP as an alternative.
Jason Lowery argues that bitcoin is uniquely positioned to become a global reserve asset because it operates beyond direct U.S. control, making it more attractive to rival nations and geopolitical blocs such as BRICS.
Jason Lowery argues that Bitcoin is uniquely positioned to become a global reserve asset because it operates outside direct U.S. control, making it more attractive to geopolitical rivals seeking independence.
A senior Russian official said the BRICS payment system is no longer hypothetical, describing it as a parallel settlement channel designed to operate when dollar-based routes are disrupted.
A senior Russian official said the BRICS payment system is no longer theoretical, describing it as a practical parallel channel for settlements when dollar-based routes fail. The plan is presented as a supplement rather than a full replacement for the U.S. dollar.
