Ben Sisko on Nostr: ...
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 š
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 š¤
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 š
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 š¤¦š½āāļø
They basically gave India 1 million barrels of oil for free š
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 š
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 š¤
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 š
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 š¤¦š½āāļø
They basically gave India 1 million barrels of oil for free š