The BRICS coin is the first and only global cryptocurrency

The BRICS countries are eager to use the upcoming technology to help them overcome international sanctions. Currently, the countries are relying on U.S. dollars for settlements in half of their mutual settlements, but this trend is starting to change. Creating a global cryptocurrency for these countries can ensure sustainable payments and investments for all parties. It also helps BRICS countries reduce the risks associated with the dollar's dominance in the international payments system, which can cause delays in business transactions and frozen payments.Considering that the BRICS countries are largely dependent on U.S. dollar for mutual settlements, a single currency for them would solve a lot of problems for the BRICS nations on the global marketplace. The BRICS nations could also issue their own cryptocurrency. Unlike the U.S. dollar, the BRICS countries' national currencies will remain stable. As such, a single, unified monetary system among them would be beneficial to all.

The BRICS countries are considering a common cryptocurrency

Moreover, a common BRICS currency could be useful in promoting payments and financial settlements between BRICS countries. If it works out well, a unified BRICS cryptocurrency could help countries decrease their dependence on the U.S. dollar. The BRICS nations' economies account for 20% of global foreign direct investment. According to Elina Sidorenko, head of a cryptocurrency working group at the Russian State Duma, the BRICS countries are currently facing sanctions over their role in the Ukraine crisis.Moreover, a supranational BRICS coin could reduce the volatility problems associated with modern digital currencies. Unlike traditional currencies, most digital currencies are not secured and are susceptible to price fluctuations. Furthermore, these changes can also be caused by news and supply changes. A supranational BRICS coin would be tied to the central banks of the member countries and their financial policies. This would reduce the reliance on the U.S. dollar and open up new trading opportunities.

BRICS nations are a geopolitical bloc comprising nine countries from Africa to South America

They are reducing the reliance on the U.S. dollar for their transactions. This would give millions of people access to financial services and boost economic development. However, their decision to use a BRICS coin is largely based on their own interests, as they have different currencies and differing legal regimes. This will help them gain more leverage on the global stage.A decentralized cryptocurrency can also be used to facilitate global trade. BRICS members are committed to diversifying their currencies and financial systems in order to prevent the US dollar from gaining a dominant position in the world. A BRICS coin is the first and only BRICS digital currency. It is a symbol of cooperation between the members of the BRICS. But a crypto currency can't make a country independent of other countries.The BRICS nations are the largest economy in the world. Their combined nominal gross domestic product of $40 trillion in 2018 was equivalent to 23.2% of the world's gross domestic product. While this region is highly competitive, BRICS nations are not alone. The world's economies are interdependent.

The BRIC App

The BRIC App platform will be created for international trades among all the users.
1.Send, Receive & Trade BRIC Coin
2.Transaction History
4.Product Listing with full catalog
5.Buy & Sell your product all across the globe
5.Live Tracking of the delivery of the product
6.Unique Escrow system which will help buyer and seller to rest assured about their needs.
7.International Payments Gateway: Credit Cards, EMoney, BRIC Coin
8.BRIC Coin Direct buying & selling
9.Direct Chatbox for the buyers & Sellers to discuss and close trades
10.24 x 7 Admin Support

BRICS countries are heterogeneous within their group

China has been hesitant to join the de-dollarization coalition, but has backed the reform of the World Bank and IMF. Besides BRICS, a common currency backed by natural resources could be the first cryptocurrency to benefit the entire region. Moreover, the United Bank of Switzerland has also proposed a bank-sponsored cryptocurrency backed by six major banks. The two countries are currently working on a commercial blockchain based on Etherium.Their interest in dedollarization is widely held. The BRICS coins are the first and only global cryptocurrency that serves as a global payment system. They are a good fit for the BRICS countries. The emergence of a unified crypto-currency has the potential to transform their economic systems. It is also an opportunity for globalization to benefit from a wide range of markets.