10/28/2024
Following Russia’s development, which is said to soon legalize the use of digital currency in international transactions, El Salvador has also emerged as an active party. The Central American country now plans to use digital currency (Crypto) in its trade relations with BRICS countries such as Brazil, Russia, India, China and South Africa.
El Salvador’s proposal stems from a strategic desire to reduce dependence on the US dollar and diversify the process of economic interaction. El Salvador plans to strengthen its economic ties with BRICS members by integrating cryptocurrency into its business practices. This move could also open up new avenues for trade and investment between the countries.
