JUST IN: A common currency is reportedly not on the agenda for this weeks BRICS meeting. 👀
Instead the summit could focus on seeking an agreement that members should increasingly settle trade between each other in their local currencies.
https://www.ft.com/content/40f7cd4d-66f2-4e4d-876d-a0c7aa7097e1
The stupidest thing to use each other's local currency. I know they're desperate, but #BRICS please, think about this again because there's a better solution: #BITCOIN 🤦♂️
Bitcoin, at the end of the day, is a big social experiment. (How does the world want to communicate and exchange value?) BRICS is another data point in the experiment. Disappointing, for sure, for many reasons. But it could also create opportunities.
