As we enter 2025, the global economy faces significant challenges and opportunities. After 25 years of technological advances and geopolitical shifts, the focus is on whether the U.S. and its allies can capitalize on a transformative moment comparable to the invention of the airplane. Key questions include the impact of potential new U.S. tariffs on ...
Russian companies are increasingly turning to Bitcoin and other cryptocurrencies as a way to navigate Western sanctions and facilitate international payments. This shift comes after the imposition of sanctions following Russia’s invasion of Ukraine, which hindered access to traditional banking methods. Finance Minister Anton Siluanov announced that Russia has modified its regulations to recognize digital ...
Global trade is changing, pushing countries to find a reliable alternative to the dollar for international transactions. In light of geopolitical tensions, the Brics nations—Brazil, Russia, India, China, and South Africa—are considering a shared currency backed by gold and their currencies. This gold-backed digital currency could lower transaction costs and lessen exchange rate volatility, potentially ...
A Russian lawmaker, Anton Tkachev, has proposed the establishment of a national Bitcoin reserve aimed at protecting the country against sanctions and geopolitical challenges. According to Tkachev, cryptocurrencies, particularly Bitcoin, can serve as essential tools for international trade, especially for countries facing similar sanctions. He highlighted the vulnerabilities of traditional foreign exchange reserves to economic ...
BRICS, a group of fast-growing economies including Brazil, Russia, India, China, and South Africa, seeks to challenge the dominance of the US dollar in global trade. They are motivated by a desire to reduce reliance on a currency that grants the United States significant economic and geopolitical power, including the ability to impose sanctions. The ...
BRICS, a group of rapidly growing economies including Brazil, Russia, India, China, and South Africa, aims to challenge the dominance of the US dollar, which currently controls about 80% of global trade. The leaders of these nations want to reduce their reliance on the dollar, as it gives the US significant economic and geopolitical advantages, ...
BiyaPay, a leading FinTech platform based in Hong Kong, has announced a reduction in cross-border payment fees, benefiting international users. This move highlights its commitment to making global payments more cost-effective and efficient. As the financial landscape evolves, BiyaPay is at the forefront of transforming cross-border payments using innovative technologies, particularly in cryptocurrencies. With a ...
