BRICS alliance becomes stronger as 36 more developing countries apply to become members in a bid to ditch the US dollar. 
A Russian diplomat has also proposed the creation of a BRICS payment system that incorporates blockchain technology and some digital financial assets. 
Amid a shifting global landscape, BRICS has emerged as a formidable force as its de-dollarization agenda triggers interest among developing countries. According to South Africa’s Foreign Minister Naledi Pandor, 36 countries have so far in 2024 expressed interest to join the alliance.
Interestingly, all of these applicants are reportedly within the groups of developing economies. While the names were not disclosed, experts believe that the decision stems from the desire to strengthen their economies using their native currencies. Unfortunately for the US, several sectors including the banking and the financial sector would be greatly hit.
According to reports, tourists would move away from the US dollar and reso

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