The Wester is keeping an eye on the BRICS digital currency movement during the continued weakening of the US dollar, even while the alliance continues to strengthen during an election year for the US government. In fact, the Financial Times revealed that the US has been concerned about Russia's ongoing entry into the market.

Remember that Vladimir Putin, the re-elected president of Russia, unveiled a new digital payment system in the first few days of February 2024. The news appeared to be well received, with over 159 countries, mostly developing nations, invited to adopt it.

Later that month, it was also revealed that China, a member of the bloc and partner in its goal of overthrowing the dollar and rebalancing power globally to create a multipolar world, would be digitally testing Putin's new payment system.

Russia has ratified laws that will boost the country's use of digital assets in light of recent events. In addition, the BRICS economic bloc is working on creating a Blockchain-based payment system that will accept its own currency. There are rumors that the West is keeping an eye on the possible bad applications of this continuous dedication and research.
#brics #money #brazil #russia #china #southafrica #india #usa #debt
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