• Takashiro@lemmy.today
      5·
      1 day ago

      Sort off already exists, but nationally, in Brazil there is "pix " an electronic payment system, recently even saw some news of european countries trying to copy how it works (adapt it), something along those lines.

  • Tenderizer78@lemmy.mlEnglish
    53·
    1 day ago

    If anything the Euro would need to do it. Europe, Canada, Japan, they won’t trust a BRICS currency. Within BRICS it might work but it wouldn’t replace the dollar in that case.

    • emergencyfood@sh.itjust.works
      1·
      2 hours ago

      Euro won’t work. For other countries to use the Euro, they need to have Euro stocks. For this, the EU needs to (1) run a deficit, and (2) manufacture something of value to the rest of the world. But the EU won’t run a deficit, and its manufacturing sector is collapsing.

      • Tenderizer78@lemmy.mlEnglish
        22·
        19 hours ago

        The BRICS currency would be a single currency, administers by an assortment of countries. In essence the BRICS currency would be just like the Euro but with an international pariah (Russia) and a country with a history of heavy-handed policy towards business (China) being major players.