Imagine a super-fast, secure way to trade money between countries! Brazil, part of a group of countries called BRICS, is looking into using blockchain technology to make this happen. This is different from creating a new type of money; it's about making trading easier and faster.
- Blockchain is like a super-secure digital ledger that everyone can see.
- BRICS countries want to improve how they trade with each other.
- Brazil is testing a system called Drex to make this happen.
- Stablecoins, which are cryptocurrencies that try to hold the value of a real currency like the dollar, might also be part of the solution.
| Fact | Detail |
|---|---|
| Goal | Improve international trade between BRICS nations |
| Method | Blockchain technology, possibly stablecoins |
| Challenge | Balancing privacy with regulations |
| Alternative | A system similar to Brazil's Pix payment system |
