https://news.bitcoin.com/brics-leaders-declare-importance-of-using-local-currencies-in-international-trade/
I already knew BRICS was NEVER going to create a single unified currency. Even if it would have been backed by gold. Such a BRICS currency is absolutely impossible ๐
Just like I know for sure that BRICS is eventually going to have no choice but to adopt Bitcoin as it's reserve currency for international settlement ๐ค
Because for them to use their own local currencies for trade. Is the equivalent of giving their shit away for free. Because their local currencies aren't actually worth anything ๐
Example:
India makes first payment for 1 million barrels of crude oil to the United Arab Emirates in Indian rupees.
What the fuck is the United Arab Emirates going to do with Indian rupees ๐คฆ๐ฝโโ๏ธ
They basically gave India 1 million barrels of oil for free ๐
I already knew BRICS was NEVER going to create a single unified currency. Even if it would have been backed by gold. Such a BRICS currency is absolutely impossible ๐
Just like I know for sure that BRICS is eventually going to have no choice but to adopt Bitcoin as it's reserve currency for international settlement ๐ค
Because for them to use their own local currencies for trade. Is the equivalent of giving their shit away for free. Because their local currencies aren't actually worth anything ๐
Example:
India makes first payment for 1 million barrels of crude oil to the United Arab Emirates in Indian rupees.
What the fuck is the United Arab Emirates going to do with Indian rupees ๐คฆ๐ฝโโ๏ธ
They basically gave India 1 million barrels of oil for free ๐