Egypt – DIGIT INFO

‘From Risk to Curiosity’: Egypt’s Blockchain Mindset Is Changing

DIGIT — Fri, 26 Sep 2025 05:30:55 +0000

Pravica CEO Mohamed Abdou highlights Egypt’s evolving blockchain stance, praising a shift from skepticism to curiosity. High-Level Participants Discuss Practical Use Cases The recent closed-door forum on blockchain utility in Egypt marks a potential turning point in policy and underscores the power of open dialogue in building trust, according to Mohamed Abdou, founder and CEO […]

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Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

DIGIT — Thu, 17 Oct 2024 01:30:53 +0000

Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims to advance this initiative during its 2025 chairmanship, […]

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Putin: BRICS Nations Developing Own Payment and Settlement System

DIGIT — Fri, 27 Sep 2024 02:30:37 +0000

Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at increasing Russia’s and BRICS’s autonomy in global trade amid broader economic changes. Russia Announces Independent Payment System with BRICS for Foreign Trade During the Russian […]

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BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

DIGIT — Tue, 24 Sep 2024 00:30:26 +0000

Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized the increasing use of national currencies in BRICS trade, particularly with […]

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BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

DIGIT — Sun, 22 Sep 2024 20:30:42 +0000

The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]

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BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official

DIGIT — Tue, 17 Sep 2024 01:46:12 +0000

BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct economic activities without relying on currencies used as political tools by Western powers. The Russian official noted increasing interest in these platforms as a way […]

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BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

DIGIT — Fri, 13 Sep 2024 03:30:58 +0000

Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on […]

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BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert

DIGIT — Wed, 14 Aug 2024 05:46:11 +0000

The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […]

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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

DIGIT — Mon, 03 Apr 2023 09:34:57 +0000

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]

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Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

DIGIT — Sun, 19 Mar 2023 17:30:27 +0000

Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends […]

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