Brazil is considering the incorporation of cryptocurrency into its trade strategy within the BRICS alliance.

As the current president of BRICS, Brazil is promoting digital payment options to lessen dependence on Western banking systems such as SWIFT. Drawing from Brazil’s Pix model, the suggested system is designed to facilitate direct transactions, reducing reliance on the U.S. dollar. Brazil, at the helm of BRICS, is attracting considerable interest with its new focus on cryptocurrency adoption. The nation, now serving as the president of the group, is investigating digital payment options to lessen its dependence on Western financial systems like SWIFT. Authorities think this could simplify transactions and enhance financial independence. This action aligns with a wider plan to establish a self-sufficient clearing and depositary system for member countries. Brazil is leading initiatives to establish digital settlements as a practical alternative, a change that could greatly influence global trade patterns. Now that Brazil is in charge of the presidency, this initiative has been prioritized. BRICS During Trump’s Presidency: An Evolving Global Structure. The BRICS group, consisting of Brazil, Russia, India, China, and South Africa, is increasingly broadening its global impact, now including new members such as Iran, Saudi Arabia, and the UAE, among others. — The GEOSTRATA (@TheGeostrata) tweeted on March 13, 2025. According to the local newspaper O Globo, this initiative is designed to expedite financial transactions between BRICS nations.