BRIC Coin and Tron Blockchain Ecosystem

Creating a BRICS-backed digital currency might be feasible if it is backed up by remittances from international finance institutions. But the idea is not yet fully understood. According to Kirill Dmitriev, the head of Russia's Direct Investment Fund, the BRICS countries will prioritize payments in their own currencies. And if this proposal is implemented, the mutual investments of these nations could grow by three to four times.It is unclear what kind of problems the BRICS countries will face in the global market if they adopt a single cryptocurrency. It is important to note that while the BRICS nations have many common interests, they don't always convey the best conditions for money exchange. Having a single BRICS coin would solve many of these problems. In fact, it could solve several of their most pressing challenges on the global stage.

The BRICS countries have been discussing the idea of a common cryptocurrency

This would help the countries avoid using the dollar and skirt around the SWIFT international payment system. The new system would enable regional actors to plug into the network and circumvent the costs of US sanctions. It could also be beneficial for trade with countries under US sanctions. The idea of a common BRICS coin seems like a win-win for all of the BRICS nations.It is important to note that a BRICS coin would be backed by a central bank, which can encourage payments in national currencies. This way, payments between BRICS countries will be sustainable. This will help eliminate corruption and reduce reliance on financial intermediaries. Besides, a BRICS digital currency would be backed up by international finance remittances.

The BRICS countries are a geopolitical bloc, comprising eight nations

Several countries in the BRICS are planning to launch a BRICS stablecoin. This new cryptocurrency is backed by the country with the largest trade balance surplus in the world. However, the emergence of a BRIC Coin will only make sense if a BRIC nation has a robust and reliable financial system. It could even thwart the sanctions of the US and other countries.They are a growing economic force in the world. In 2018, they accounted for twenty-two percent of global GDP. In contrast to the United States, the BRICS countries have a combined nominal gross domestic product of $40 trillion, which accounts for 23.2% of the world's total GDP.With its globalization, remittances will be one of the major drivers of the global economy.

BRIC coin as a solution

BRIC Coin is coming with the widely accepted and popular ecosystem of Blockchain to fill this gap and to remove these challenges. BRICCOIN is the token created on the Tron blockchain ecosystem for providing the facility to use escrow facilities without any third-party presence. BRIC Coin is the TRC20 token backed up by the international remittance of the overseas trades. The establishment of the BRIC coin was to eradicate complicated billings, documentation, custom, excise, import duty, etc. BRIC will be used as the escrow for both parties’ “Buyer” and “Seller” among B(Brazil), R(Russia), I(India) & C(China) Countries. Most companies from the BRIC countries do not have access to the western financial world and therefore must regulate the financing of their business activities in their own countries. This is massively limited by the lack of a global infrastructure of financial institutions in the respective BRIC countries. BRIC COIN uses exactly this niche, this deficit, to build up an independent financial institution with a focus on the letter of credit business, which specifically satisfies the needs of the previously mentioned companies in the BRIC countries. BRIC COIN oers the complete processing of goods transactions among the BRIC countries from a single source and especially the financing of these transactions. In the future, the BRIC COIN will also serve as a common currency. With the advantages:
• Elimination of exchange fees
• Elimination of many compliances’ restrictions
• Preservation of the currency's value
• Increase in the value of the currency Easier financing for imports and exports

The BRIC Coin is backed up by remittances from lower income countries

In addition to remittances, the BRIC Coin is backed up by the remittance of international finance. Its growth will be accompanied by strong international remittance flows. It will also be a safe and stable form of money in emerging markets. China was the top ICO in the world, with investments totaling US$1.2 billion. The World Bank's estimates of the value of remittances to these countries are far greater than those of the United States. There are more than a dozen other emerging markets with a significant remittances sector.

The BRIC Coin is designed as the quintessential Bitcoin on TRON

The TRON Foundation has recently revealed that the cryptocurrency could be used as an alternative payment tool, or as a financial settlement option. Depending on the underlying protocol, the BRICS currency could be used for a variety of purposes, from simple purchases to trade. As a result, it could become a viable alternative to any currency. Moreover, BRIC Coin is created on the Tron network that can be easily accessed via the internet. TRON is an online platform that enables widespread distribution of media and its native currency TRONix (TRX). It also boasts a large number of wallets and dApps, which are built on the TRON network. TRON is led by Justin Sun, who is based in California. It has a high-performing, innovative core layer. The TRON network can support enormous numbers of users and also has a highly effective smart contract system.As with other cryptocurrencies, TRON is an open source and decentralized blockchain platform. It has its own cryptocurrency, called Tronix. Unlike other cryptocurrencies, BRIC Coin is created on the Tron ecosystem. The benefits of this system include its user-friendly interface and its decentralized nature. Further, it's built on the TRON blockchain. The system is a good way to store and share digital content.

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● For More Information

Website: https://bric-coin.com/
Twitter: https://twitter.com/briccoin
Telegram: https://t.me/bric_coin
Facebook: https://www.facebook.com/official.briccoin/

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● Creator

Forum Username: LedrookETH
Forum Profile Link: https://bitcointalk.org/index.php?
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Telegram Username:@LedrookETH21
BSC Wallet Address:0x67EaE6Bd6d508a968915b6dE822f8FCfB0F8f1B5

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#blockchain #b2b #briccoin #tron #eximbank #eximbusiness #remittances #Brazil #russia #india #china #trc20 #cryptocurrency #emoney