BRICS Propose Use of Bitcoin for International Payments at 2024 Summit
In what has the potential to be one of the biggest points of discussion at the event, the BRICS bloc proposed the use of Bitcoin for international payments at its 2024 Summit. Indeed, all eyes were on the leading cryptocurrency as the bloc discussed its ongoing de-dollarization approach. The economic alliance has continued to find new ways to promote local currencies through its policies. Moreover, there has been discussion that cryptocurrencies could factor into that in a massive way. Bitcoin could be set to play a bit part in the bloc over the next several years. Also Read: Saudi Arabia Officially Declines BRICS Membership BRICS Could Implement Bitcoin Following 2024 Summit Proposal Since 2022, the BRICS economic bloc has sought ways to challenge Western economic dominance. The potential creation of its own payment system and the promotion of local currencies have seen it increase the dominance of the US dollar in a big way. All the while, increasing the prevalence of the group itsel...