tl;dr
Turkey has expressed interest in joining the BRICS alliance, as revealed by the Turkish Minister of Foreign Affairs during a visit to Beijing. This move aligns with Turkey's aim to support developing nations and may also be a strategy to reduce reliance on the US Dollar. BRICS members, including Ind...
Turkey has expressed interest in joining the BRICS alliance, with the potential aim of reducing reliance on the US Dollar and supporting developing nations. The alliance, comprising countries like India, Iran, and Saudi Arabia, is considering local currency trades and even the adoption of a single currency. Turkey is also eyeing Bitcoin due to its borderless nature, which aligns with its economic challenges.
However, not all countries are eager to join BRICS. Argentina recently withdrew from pursuing membership due to conflicting interests with the alliance's ideals, centered around the pro-USD stance of its President Javier Milei. Despite this, the BRICS alliance continues to expand, with Turkey's potential membership possibly reshaping its trajectory.
Turkey's interest in BRICS and the potential adoption of Bitcoin reflect a shifting global economic landscape, with geopolitical considerations intertwining with the rise of decentralized currencies.
More about ZEEKR Intelligent Technology Holding Limited
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
Industry: TECHNOLOGY
Sector: GENERAL
Support Levels: None
Resistance Levels: None
Bullish Trend Indicators: 0
Bearish Trend Indicators: 0
Breakout Potential: 0
Head and Shoulders Pattern: None
Relative Strength Index (RSI): 0
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More about PayPal Holdings Inc
Company: PayPal Holdings Inc
Industry: Trade & Services
Sector: Services-Business Services, NEC
Market Cap: $304.29 billion
Current Price: $76.39
PE Ratio: 28.0
Dividend Yield: 0.094
EPS: 15.87
Revenue: $30.43 billion
Net Income Margin: 15.87%
Debt to Equity: 0.143
PayPal Holdings, Inc. is an American company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee.