India’s central bank proposes linking BRICS digital currencies for trade: Reuters

"The proposal by India to link BRICS digital currencies has the potential to significantly impact international trade and tourism sectors. The introduction of such digital currencies could improve efficiency in cross-border transactions and reduce costs, presenting attractive opportunities for investors and businesses within BRICS nations due to their shared economic interests. However, the diverse monetary policies of these nations will require careful alignment for implementation. Additionally, the inherent volatility risks present in the digital currency market must be considered. Overall, while this development can be viewed positively for the market, ongoing scrutiny will be essential."