BRICS Blockchain will Swiftly Replace the US dollar

Russia just announced the creation of blockchain-based payment system in BRICS. This new system will help BRICS nations bypass SWIFT and help create a new trading currency. I talked about this in the past and now we are seeing the BRICS take action. I think it will be built out over the next few years and will provide many nations with another option for international trade and payments.

What do you think about the new blockchain announcement? Leave a comment below to let me know.

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[linus]

Good video! There's so much interests about China nowadays around the world, especially from the West. Here's an idea:
How about making some HOW TO videos for tourists who want to visit China: Apply Visa to China, Current Visa rules, Get their phones working in China, Popular APPs & how to use it in China for: Translator, Maps, Booking hotel, Trains, Restaurants... etc.
Each topic can be a single short video, I think there would be a big demand for it.

[Marco-ztfz]

I saw already some videos about the BRICS Blockchain, you make realy a good job, congrats.

[brianliew]

Uncle Sam was solely responsible for the demise of the dollar; used it as a weapon but became a boomerang instead. 😂

[mylesmills]

very educative... thanks for providing more insight on this technology

[atamo]

It’s a great idea to get an understanding of blockchain before it gets too complicated to understand.

[johnli]

Intentional or not, like the play on the word "SWIFTLY ".

[kamrulahsan]

Hi Miguel, thank you for the timely vlog. I also think block chain is the future. But about Bitcoin, if Block Chain is transparent, then why can't they tell who started it?

[Saturn-xocd]

I heard about so many cryptocurrencies replacing fiat money, I doubt it will happen in my lifetime.

[baselolten]

what about the "BRICS chain" currency, on tradingview ? is it a fake or is it the real BRICS crypto ?

[horridohobbies]

The use and influence of the US Dollar has been steadily declining for decades. This decline is irreversible and inexorable.

The US Dollar will continue to limp along for decades, but its end is clearly visible at the horizon.

[barkerbiz]

if only they would use btc as the payment rail. :) Hey well done+ thanks on this vid.

[Alex_Menyhart]

XRP distributed ledger blockchain allows for cross-border payments and instant conversion of currencies.

[smittylikesto]

oh great, just imagine, a digital currency similar to bitcoin or all the other crypto currencies, only instead of it being somewhat decentralized, its fully controlled by countries like china, sounds amazing! we need that!

[privacyhelp]

Imagine one day suddenly the govt says all the dollars you have are invalid, you can't use your dollars, can't buy a house or food. what is your exit plan?

[albertwong]

Two key points to consider :-
1) What is block chain technology - in summary block chain is a unique system where every transaction is unique and one of its kind hence its very safe and good for as a vehicle for currency transaction, and many other applications that require it to be safe and not dupable which is what current problems we face with counterfeit currencies and hacks i.e since if the blockchain assigns u the transaction/currency it only belongs to u and noone else can have it. This is the true value of blockchain technology as it avoids scams and fake id transactions etc..
2) Regarding crypto-currency - People forget about the value of currency, take the USD for eg. it is back by the US government bonds or debt which guarantees its value as a currency. U compare that to crypto-currency, what is it back by?? Seriously its just back by people that thinks it has value and u mention that bitcoin can go to 1 million dollars which is crazy its just a toy for the rich to keep pushing it and it really has no value what so ever! In other words cryto-currency its a scam and its kept afloat because people are too stupid to understand that it has no value and it not even back by anything except hype and stupidity.

[simont.b.]

Quite interesting, thank you! (Me being somewhat of a neanderthal in what regards technology -yet I understand algorythms)

[bdh]

Hi, thank you very much, very informative ! Do you have a video that explains what is blockchain ? Especially with regards to financial transactions !

[lkchoh]

Uncle Sam used dollars as weapon, a sword hit other throat when resisted it hit his own throat. Sword has two sharp side edges. Now blockchain, later digitalise, later cryptocurrency different from bitcoin.

[dianay]

Blockchain will actually make banks and accountants redundant

[UncleJimmyOutWest]

The block chain they are looking for XRP & XLM