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BRICS News: Will Saudi Arabia’s Ditching of the Petrodollar Open the Door for Bitcoin and XRP in Oil Settlements?

  • Saudi Arabia considers using Yuan for crude settlement amid the upcoming BRICS Summit, posing a threat to the US dollar.
  • Saudi Arabia aims to implement the BRICS long-term goal of moving away from Petrodollar to Petroyuan.
  • Saudi Arabia's openness to new ideas, including using Yuan in a crude settlement, could further internationalize the Chinese currency.
  • The BRICS alliance is receiving massive interest from over 50 countries, potentially leading to exploration of Bitcoin and XRP.

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