Theme Payment

Several countries, including China, are working to reduce their dependence on the dollar by promoting the use of their own currencies in international transactions. However, despite the ambitious attempts at monetary diversification undertaken by this BRICS member, some experts remain skeptical about their success. According to their analyses, the dollar will withstand external pressures and retain its supremacy over the Chinese currency.

Telega.io, known for pioneering Telegram advertising solutions, is thrilled to share a big update to our payment choices. Starting May 16, immediately after its public unveiling, Telega.io will pioneer the integration of Notcoin as a method of payment, marking a groundbreaking move in the world of Telegram influencer marketing. This development aims to enhance the flexibility and accessibility of digital marketing campaigns on Telegram.

The IMF admits that geopolitical tensions bode ill for the dollar. The BRICS want to cut ties. Why not adopt Bitcoin?

New nail in the coffin of the dollar. India and Nigeria no longer want to trade with the greenback.

Saudi Arabia and other nations like Indonesia warn Europe against seizing Russian foreign reserves. Bitcoin on standby.

The dollar is the Gordian knot of geopolitical tensions. The signals in this direction are now legion. Bitcoin is biding its time.

Stablecoins now seem to have the upper hand over their counterparts in the cross-border transfer scene. According to on-chain data, transactions made with these dollar-backed cryptocurrencies in April reached nearly $2.2 billion over the last 30 days. Based on this data, some experts predict that the volume of transactions in stablecoins could surpass that of Visa during the quarter. Shocked, Visa reacts and shifts the focus of the debate.

The BRICS are multiplying initiatives and pushing the boundaries of the unimaginable. The alliance has accelerated its project to humiliate the US dollar this year by intensifying trade exchanges without the dollar. But a new question has been circulating since the Russian Foreign Minister mentioned the BRICS creating a stablecoin. Could XRP serve as a bridge between the currencies of the alliance member countries? Analysis.

As the crazy growth of the US debt of over 34,600 billion dollars continues to worry, the BRICS deliver a new blow to the greenback. China and Russia, two founding members of the alliance, have planned 260 billion dollars of commercial exchanges without using any US dollars. Only Russian ruble, Chinese yuan, and some euros. Other members of the coalition are expected to follow suit soon. Perceiving the immediacy of the threat, the USA react by combining threats and diplomacy. Details.

As the BRICS alliance intensifies its de-dollarization efforts, the success of this initiative remains uncertain. While several countries are considering joining or already adhering to this movement, the supremacy of the US dollar remains unchallenged. Indeed, despite the coordinated efforts of the BRICS member countries, the dollar continues to outperform the currencies of these nations.

The monetary influence of BRICS is increasing day by day. The latest news reports that the Chinese currency, the yuan, has surpassed the dollar as the most used currency in Russia. This change aligns with the alliance's desire to reduce their dependence on the American currency.

Telega.io announces the integration of Toncoin for Telegram advertising payments, a move aligning with the crypto ecosystem to boost Telegram ad opportunities. This update positions Telega.io as a cutting-edge web3 ad exchange, facilitating advanced crypto promotion and guiding users on how to promote web3 startups and web3 projects and how to find new crypto projects. It acts as a gateway to crypto Telegram groups, providing a crucial platform for web3 startups and emerging crypto projects to showcase and promote their ventures.

The BRICS have announced their plan to launch their own currency to break free from dependence on the dollar. While waiting for this project to materialize, the alliance is shunning the dollar through various strategies. One of the most recent ones is the massive use of gold by the BRICS to support their local currencies.

In a bold move that combines the efficiency of traditional finance with the innovation of blockchain technology, PayPal is opening new horizons in the field of cross-border money transfers. Its American users can now use the PayPal USD stablecoin (PYUSD), its dollar-backed crypto, to fund international transfers without incurring transaction fees through the Xoom service.

A central bank digital currency (CBDC) linked to the SWIFT network is expected to be launched in the coming months. This development challenges the BRICS countries, which are also working on issuing their own currency. Perhaps this is another reason to place more emphasis on this project?

The main Indian opposition party alleges that the Modi government has "paralyzed" it by freezing bank accounts. Bitcoin fixes this.

The BRICS plan to end the hegemony of the dollar in international transactions continues to provoke reactions in the United States. American Treasury Secretary Janet Yellen recently expressed her concern about the implementation of this project. Especially since, according to her, detrimental effects are being observed on the dollar.

Donald Trump, the likely next president of the United States, has softened his stance on bitcoin.

Former Zimbabwean Finance Minister Tendai Biti does not believe in the promises of financial autonomy through the BRICS' proposed exit from the dollar. In his view, this project being actively pursued by the country alliance is not positive, especially for his country considering joining the BRICS, which is completely understandable.

In an era where blockchain technology and cryptocurrencies are redefining the boundaries of global finance, the BRICS are positioning themselves as pioneers of radical change. With the announcement of an innovative payment system, these emerging powers challenging the hegemony of the US dollar are outlining the contours of a new global economic order based on inclusivity, security, and the speed of financial transactions.

On Monday, February 26, 2024, the European Union adopted a regulation that will require banks, as of 2025, to offer instant transfers at the same price as standard transfers. A small revolution in finance that should boost the use of this still marginal service.

"Will Nigeria have the courage to de-dollarize in order to join the BRICS?"

The World Economic Forum discusses CBDCs, raising concerns about state control and triggering various reactions.

In accordance with their ambition to move away from the dollar, the BRICS countries are increasing their initiatives deemed useful to achieve these goals. Essentially, this involves questioning certain institutions that promote American hegemony. Following this logic, Russia, an influential member of the BRICS, plans to present a new payment system that aims to undermine the SWIFT network.

Would the totalitarian regime in Orwell's novel 1984 have appreciated CBDCs? We asked ChatGPT.

More than two decades after the Gulf War, the Iraqi parliament wants to get rid of the dollar again. Why not embrace Bitcoin?

Russia will take over the presidency of BRICS in 2024. Dedollarization will accelerate, as well as cross-border payments involving CBDCs.

We knew that the BRICS were considering, in order to end the hegemony of the dollar, to establish a common currency with possibly a digital option in crypto. It seems that the crypto in question would be bitcoin (BTC) according to the latest news. But can the flagship crypto really be a relevant means of de-dollarization?