"Wow BRICS is the best, there must be many people who support this action."
The BRICS economic alliance has recently held discussions about a BRICS payment alternative to the SWIFT payment system, but the question now is can Bitcoin (BTC) be integrated into the idea?
This is because the United States (US) dollar has seen a significant increase compared to the BRICS currency while BTC is performing quite well, therefore the use of BTC in the payment system may be improved.
Not only that, the economic bloc that also intends to work on the integration of digital assets for payments BRICS has presented a major technological innovation in the middle of the growing financial market.
It is true that BRICS has talked about creating its own payment system, but the economic alliance seems to be talking about an alternative to SWIFT where it is something that can be adopted worldwide.
So here it can be seen that the developing BRICS payment system can benefit from the integration of BTC as the world has shifted towards the development of digital assets while CBDC is gaining popularity.
Through observation in the past 10 years, the US dollar has lost 99.5% against BTC and this means that integrating blockchain-based assets is one of the steps forward to grow.
It would also like to be informed that the development of gold-backed digital assets can provide a positive alternative for currencies including payment systems.
