Putin: BRICS Payment System to End Western Banks' Dominance
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Russian President Putin said Western banking dominance will soon end as BRICS ushers in a new financial era.
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Putin stated new technologies like blockchain are being used for international payments instead of the US dollar.
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BRICS is working on a new payment infrastructure to challenge the dominance of the US dollar.
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The new BRICS payment system could be equipped with cutting-edge technology for seamless money transfers.
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BRICS aims to end Western banks' dominance and make local currencies dominate global trade instead of the US dollar.