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Not every country is falling in line with the BRICS agenda of replacing the US dollar with local currencies for oil. Settling oil payments in local currency poses a significant risk that can affect a country’s foreign exchange reserves. Oil settlements have been historically paid in the US dollar as the currency controls the global flow of the sector. Also Read: India Conveys to BRICS: ‘We Will Not Ditch the US Dollar’ Even Saudi Arabia, which announced that it would accept local currencies for oil payments has only been receiving the US dollar for transactions. Only a few trades have been settled in local currencies while the majority of them are backed by the greenback. BRICS is finding it hard to convince other countries to use local currencies for oil trade and not the US dollar. Also Read: BRICS to Launch Gold-Backed Stablecoin To Challenge the US Dollar? BRICS: Nigeria Rejects Local Currency for Oil, Wants the US Dollar Source: seekingalpha.com / Arseniy45 Oil marketers and ...

As investors explore options beyond Bitcoin, they are considering low-cost crypto investments poised for significant growth. Bitcoin reached a new all-time high (ATH) of $73,750 on March 14th, surpassing its previous record of $68,789 set on November 10, 2021. However, following this milestone, the leading crypto is currently trading at $70,008 as of the time of writing. Yet, many cryptocurrency experts anticipate that Bitcoin price could potentially reach $100K later this year. Although Bitcoin’s price is expected to rise further, numerous other crypto currencies , such as alt coins priced below $1, present even greater potential for growth. These Bitcoin alternatives showcase unique and forward-thinking attributes, with significant growth prospects surpassing Bitcoin. This article presents five penny crypto currencies worth considering, each offering distinct opportunities. Now might be a favorable moment to think about adding some of these coins to your portfolio. JasmyC...

On April 20th, The European Parliament approved the first comprehensive crypto regulation EU-wide, the Markets in Crypto-Assets (MiCA). In the same day, a separate law, the Transfer of Funds regulation, was passed, requiring crypto operators to confirm the identity of their customers in order to halt money laundering transactions. While the crypto regulation worldwide is becoming increasingly strict, Alchemy Pay is rapidly growing and rising in the cryptocurrency payment field as a payment solution provider bridging global fiat and crypto currencies for users in 173 countries. All these achievements started from a forward-looking insight about the revolutionary potential of crypto – the team believe that by creating a seamless gateway between traditional finance and crypto assets, they can make the emerging technology more widely available and provide easier access to financial services for businesses and individuals in different countries and regions. Currently, it has established ...