Payments in National Currencies Surge to 92% Among SCO Members

Share This Post

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 […]

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market

This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign

SEC seeks 4-month extension for fact discovery in Coinbase lawsuit

The US Securities and Exchange Commission (SEC) has requested a four-month extension to complete fact discovery in its lawsuit against Coinbase In a letter submitted to Judge Katherine Polk Failla on

Bitcoin Bull Run: Crypto Analyst Publishes Guide On How To Know The Market Top

As the crypto market gears up for a potential bull run in 2025, analyst IonicXBT has shared his comprehensive guide on how to identify the Bitcoin market top in this cycle The analysts’ guide

Is This The End For Ethereum Or A Generational Opportunity?

Ethereum holders are definitely being tested by some tough times, with recent price action failing to create a bullish perspective for the digital asset One of the major disappointments has been the

Blockchain Industry Players Launch MiCA Crypto Alliance in the EU

The DLT Science Foundation (DSF) has announced its support for the launch of the MiCA Crypto Alliance, with Hedera, Ripple, and Aptos Foundation as founding members This industry association aims to

Analysts predict Bitcoin volatility spike as market aligns like a ‘coiled spring’

Bitcoin’s (BTC) spot volume hit $16 billion on Sept 18 following the US Federal Reserve confirming a 50 basis point interest rate cut According to FalconX head of research David Lawant, the