@nomadghada 23 August 2025 more from that month

BCH as new BRICS Currency What if BitcoinCash becomes the new BRICS currency Intro With US President Donald Trump traffic and strong arm foreign policy many nations that were earlier at arms length have now joined forces. One of these group of nations is called BRICS

Which stands for **Brazil, Russia, India, China & South Africa** Started in 2006, initially it was just BRIC and South Africa joining in 2010. But now more countries are joining this group, Egypt, Ethiopia, Iran & UAE joining in 2024 and Indonesia in 2025. With countries like Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, & Vietnam being prospects as observer states, meaning not yet officially part of the BRICS bloc, yet would get support from BRICS members. Economic Power of BRICS Together this group control more than half of the world's economic power as well as the largest population group. **China** alone is the second biggest economy in the world that is rivaling US in many way. With manufacturing and control over not just rare elements but cutting edge technologies like AI and EV batteries. And **Brazil** being industrial power house and home to Embraer, the world's 3rd largest airplane manufacturer. US Foreign Policy Current situation of US politics as brought many nation that have historically been at odd to a new era of corporation. Sanctions and Traffic by US is effecting many former allies that have now working with mutual interests to mitigate US trade dependence. BRICS Payment System & Currency With the sanctions on Russia, Not matter who you supported, has opened up the debate of over-dependence on SWIFT payment system and US Dollar. Even strong European allies of US have started to seriously consider the need to decentralization of monetary control. BRICS has been working on developing their own payment method and currency for a long time but haven't made much progress as it posed a great risk to US Dollar. And earlier during calmer times no one wanted to disrupt the world's relative peace. But with mounting tensions feeding fuel to this fire, a renewed interest has taken urgency in global politics. Russia has already shown that indigenous systems can be strung up and would work to replace the existing systems. ****After sanctions, in Russia they now have****:

Vkusno i Tochka instead of McDonald's MIR instead of Visa / Mastercard GLONASS instead of GPS BYD cars instead of BMW Now other BRICS countries are taking note. Why BCH and not BTC While BRICS may prefer a new fiat currency instead of a cryptocurrency as a new BRICS currency, a new currency poses challenges of exchange rates and consensus among members. As every member will try to push a solution that favors them the most. But with an already established Cryptocurrency it can be solved. Problem with BTC The problem with BTC is US holds a large reserve of BTC in its treasury and can exert economic pressure through it. Plus many of the US allies also control some BTC reserves. **Enter BCH** BCH is everything that a BRICS currency needs; from accessibility to decentralization. PLUS it has proven to be a effect payment mode in various smaller Caribbean countries. No country has build BCH reserves yet so neither US nor any BRICS countries would have any undue special benefit. BCH with lower cost for trade and be useful in settling international trade and circumvent sanctions. All that is needed is political will.