As the BRICS actively seek to dethrone the US dollar from its status as the world's reserve currency, HSBC has issued bold forecasts on the future of the greenback. In the face of these de-dollarization initiatives, HSBC analysts maintain that the dollar will continue to reign as the dominant currency for decades to come.
While major international banks and other financial institutions have been embracing blockchain technology and cryptocurrencies for several months, HSBC had been content to observe, or even ignore them. But the saying goes, 'better late than never.' Thus, the $3 trillion asset banking giant has decided to make up for lost time. An alliance with the blockchain payment processor FC Pay has been established. The goal is to allow HSBC customers to pay their bills with cryptocurrencies like Shiba Inu, XRP, and more.