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All in all, another brick in the wall. ♫
This year’s BRICS convention was really under the radar. I tried following it live, but couldn’t. And it definitely wasn’t clear that nine new nations would join.
For now some of them are using crypto coins, mostly Bitcoin, but if they will agree on a common coin shared between them, it will be a serious blow to the US Dollar supremacy even not from the start but on the long term. Also, other coins used in international transaction will be affected like Euro, UK pound, Swiss franc, e.t.c.
This will lead to a seriously US Dollar inflation but also some of the other mention coins.