RUSSIA AND CHINA with their digital currencies TO CONFRONT THE DOLLAR..

in Informationwar2 years ago (edited)
Following the conflict between Ukraine and Russia and after the sanctions imposed by the U.S. and its NATO allies many thought that difficult times would come as indeed they are happening but for all of Europe and the U.S., since the political, economic, financial and social calculation is affecting everyone equally, although the least affected are the Russians..

Many will wonder if this conflict was expected to take so long and if Russia would endure so many sanctions, I think not, however they have managed to come out of it with transcendental military decisions that despite the deaths they have suffered, have borne fruit and very important for the future of the country..

Recently they incorporated as part of payment the use of cryptocurrencies to evade the financial difficulties imposed by the US and its allies, however for the beginning of next year they have declared the wider use of cryptocurrencies for trade using digital currency and China also declared the use of its digital Yuan currency to strengthen the economies of these great countries.

All this to leave aside the American dollar and its global monopoly, since this currency is not backed by any precious material and only factory irresponsibly to generate a supposedly strong economy when it is not, therefore this new alliance come to give a blow to the American dollar and greatly strengthens the countries of Russia and China..

For their part, with this strategy they could circumvent the financial blockade and stop using the swift system, so that cryptocurrencies would become a commercial reference and this in turn will serve for many more countries to take this initiative that will be a complete overturn to the global financial system and the dollar.

It This decision is given so that all public and private companies, as well as any sector of the economy of both countries can adapt and in a very short time they can return to being the companies they were some time ago.

On the other hand, there are many countries that are in the process of cryptocurrencies as a pilot project, others in development and some in research, which represents a provisional future for cryptocurrencies worldwide, this would undoubtedly strengthen the current market.