South African is often seen as a weak link in the BRICS family or that it might be drifting away from BRICS. This is far from the truth. It is advocating for local currency and a new trade corridor. Its use of bitcoin is outstripping use of the dollar and is very supportive of the BRICS’ New Development bank.
“To sum up, The country is experimenting at the intersection of traditional finance, BRICS cooperation, and digital innovation. Its cautious embrace of blockchain, advocacy for multi-currency trade, and refusal to yield to tariff blackmail signal a nation charting its own course. A dual strategy — anchored in BRICS yet flexible with crypto — could prove a pragmatic response to Washington’s economic pressures.”
~ Quote from Global Research
Read in Global Research
