Russian President Vladimir Putin met with top BRICS security officials at a security summit in Saint Petersburg. Putin mentioned that 34 countries have expressed interest in joining BRICS, which now represents nearly 46% of the world's population and accounts for 36% of global GDP. One major topic discussed was the upcoming launch of a new payment system called BRICS Pay, which aims to facilitate trade using member countries' own currencies. Russia has already created its own alternative to the SWIFT system for international payments. While BRICS hasn't officially adopted cryptocurrencies, talks about digital assets are happening, and there's even talk of integrating Ripple's XRP Ledger. On the U.S. front, Donald Trump has embraced cryptocurrencies and vowed to make the U.S. the "crypto capital of the planet" if he gets back in office. His latest venture, World Liberty Financial, is a crypto lending business.
- Content Editor ( cryptopolitan.com )
- 2024-09-13
Putin meets with top BRICS security officials in high-level talks