BRICS and Bitcoin: Could Crypto Help Ditch the US Dollar?
The BRICS economic alliance, comprised of Brazil, Russia, India, China, and South Africa, has long sought to reduce its reliance on the US dollar in international trade. Recent developments suggest Bitcoin, and potentially other cryptocurrencies, could play a pivotal role in achieving this ambitious goal. This article examines the potential for Bitcoin to help the BRICS nations move away from the USD and establish a more balanced global financial system.
The BRICS De-dollarization Push
For years, the BRICS nations have been exploring alternatives to the US dollar for international transactions. The dominance of the dollar exposes them to US monetary policy and geopolitical pressures. The BRICS alliance, by promoting the use of local currencies, Bitcoin and stablecoins, are laying the groundwork for a future where the status of the US dollar is challenged. As reported on 26 de sept. de 2025, the adoption plan of Bitcoin by the BRICS Alliance aims to minimize the dominance of the US Dollar in global finance. It also hopes to create a more balanced system.
Bitcoin's Role in BRICS Trade
How exactly could Bitcoin help the BRICS alliance ditch the dollar? One key aspect is its potential to facilitate more efficient and cost-effective cross-border transactions. Streamlined Trade: Bitcoin can simplify cross-border transactions, lowering costs and enhancing trade efficiency among BRICS members. Traditional international payments often involve multiple intermediaries and lengthy settlement times, resulting in high fees and delays. Bitcoin transactions, on the other hand, can be processed relatively quickly and with lower fees, potentially saving BRICS businesses significant amounts of money. Moreover, De-dollarization: As a neutral digital asset, Bitcoin is not controlled by any single country or institution, making it an attractive alternative for BRICS nations seeking to reduce their dependence on the US dollar.
Challenges and Opportunities
While the potential benefits of Bitcoin adoption for BRICS are significant, there are also challenges to consider. Regulatory uncertainty, price volatility, and the need for widespread adoption are all hurdles that must be overcome. However, if the BRICS nations can successfully navigate these challenges, Bitcoin could play a transformative role in reshaping the global financial landscape. This article focuses on the BRICS economic alliance and examines the potential role of Bitcoin $42,260 -0.64% in helping the bloc eventually move away from the US dollar, which was a hot topic as of 3 de sept. de 2025.
The future of BRICS and Bitcoin is still unfolding, but the potential for a fundamental shift in global finance is undeniable.