Episode 116 - Will BRICS Gold be the next global currency?
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Show Notes
In August the BRICS nations (Brazil, Russia, India, China and South Africa) are meeting. This trading partnership has at least two items on the agenda -- supposedly forty-one countries are looking to join the BRICS league. And Russia appears to be saying that a gold backed currency will be introduced for trading. If this proves true, it could impact the use of the US dollar as a reserve currency in a major way. How does Bitcoin fit into all this? Let's discuss!!
News and Links
Bitcoin Network To Reduce More Emissions Than Energy Sources Produce
Belarus to ban P2P crypto transactions
How long will the US dollar be the reserve currency?
A partial list of countries applying for membership:
- Algeria
- Argentina
- Bahrain
- Bangladesh
- Belarus
- Egypt
- Indonesia
- Iran
- Kazakhstan
- Mexico
- Nicaragua
- Nigeria
- Pakistan
- Saudi Arabia
- Senegal
- Sudan
- Syria
- UAE
- Thailand
- Tunisia
- Turkey
- Uruguay
- Venezuela
- Zimbabwe
Block height at time of recording: 798,058
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I can be reached by email at [email protected] and on twitter at @McIntoshFinTech. My mastodon handle is @[email protected]. I'm also on matrix at @mcintosh1775:matrix.org. Looking forward to hearing from you!
Website
Music Credits
Protofunk by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/4247-protofunk
License: https://filmmusic.io/standard-license
The following music was used for this media project:
Music: Ethernight Club by Kevin MacLeod
Free download: https://filmmusic.io/song/7612-ethernight-club
License (CC BY 4.0): https://filmmusic.io/standard-license
Artist website: https://incompetech.com