We’ve been hearing rumblings of the possibility of the BRICS creating an alternative payment currency that may involve gold ever since Russia was kicked out of the SWIFT system in 2022.
Thanks, Chris. Here's a critical element of the Unit White Paper I don't see anyone discussing:
"We define the fractal unit ("the UNIT token") as a fungible monetary transactional element of the UNIT ecosystem representing a share of the total UNIT reserve basket consisting of 40% gold and fiat currencies freely convertible into gold." It's the "freely convertible" part that seems to be flying under the radar. If the BRICS currencies are really convertible to gold, I think that will make the fiat currencies die much more quickly.
Thanks, Chris. Here's a critical element of the Unit White Paper I don't see anyone discussing:
"We define the fractal unit ("the UNIT token") as a fungible monetary transactional element of the UNIT ecosystem representing a share of the total UNIT reserve basket consisting of 40% gold and fiat currencies freely convertible into gold." It's the "freely convertible" part that seems to be flying under the radar. If the BRICS currencies are really convertible to gold, I think that will make the fiat currencies die much more quickly.