BRICS, SCO Align on Unified Payment System to Reduce Dollar Reliance

October 29, 2024 Bitcoin.com

bitcoin.com

The Shanghai Cooperation Organization (SCO) is advancing talks on a unified payment system to increase national currency use, aligning with BRICS efforts to counter Western economic dominance. A New Era? SCO’s Talks on Unified Payment System Revealed Shanghai Cooperation Organization (SCO) Secretary-General Zhang Ming detailed efforts to create a unified payment system among SCO member […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Russia-China Trade Grows Despite Global Challenges, Putin Highlights

October 2, 2024 Bitcoin.com

bilateral

Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade despite international challenges. Putin also highlighted the significance of their cooperation in multilateral organizations, showing the strategic alignment between the two […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Payments in National Currencies Surge to 92% Among SCO Members

September 1, 2024 Bitcoin.com

bitcoin.com

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan

July 8, 2024 Bitcoin.com

bitcoin.com

Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of national currencies for mutual settlements,” Putin stated, adding that over 80% of commercial transactions between Russia and the People’s Republic of China […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts — Week in Review

May 7, 2023 Bitcoin.com

bitcoin cash

Software developer Jason Dreyzehner says smart contracts “comparable to Ethereum,” but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the world’s largest regional organization, the Shanghai Cooperation Organization (SCO) plans to switch to settlements in national currencies, moving away from the U.S. […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says

May 6, 2023 Bitcoin.com

bitcoin.com

Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

World’s Largest Regional Organization to Switch to Settlements in National Currencies

April 28, 2023 Bitcoin.com

bitcoin.com

A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation Organization to Abandon Dollar in Favor of National Currencies The […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

April 8, 2023 Bitcoin.com

Africa

China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision […]

SCO

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