Bitcoin, BRICS, and the End of Dollar Dominance?
For several years now, the BRICS+, an alliance of Brazil, Russia, India, China, South Africa, and other countries, has been expressing the desire to reduce dependence on the US dollar in international transactions. Such an initiative is seen as an instrument for breaking the economic domination of the United States. The idea of an alternative payment method has long been mooted, with China and Russia as the main powers enforcing this initiative. However, this project seems to have been put on hold or even abandoned due to serious intra-BRICS disagreements and economic constraints.