In a historic move signaling a potential shift in global economic power, Russian President Vladimir Putin and the head of the BRICS Bank discussed the development of a digital payment system. This development could hasten a future where the US dollar is no longer the dominant global currency. The new system, likely to be based on blockchain technology, would facilitate transactions between Brazil, Russia, India, China, and South Africa – the BRICS nations. The digital currency could potentially offer reduced transaction costs, increased speed, and enhanced security. Crypto traders around the globe are keenly watching these developments, as this could open up significant new trading and investment opportunities.
Source: News.bitcoin.com
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