Vladimir Putin pinpoints the end of Western banking dominance – BRICS reign begins
Russia, a BRICS member, has warned that the United States’ domination of global banks and important financial organizations will end shortly. Russian President Vladimir Putin stated that Western-dominated technologies are becoming obsolete, but the BRICS are ushering in a new era that will replace the traditional financial system with a new world order.
Putin weighs in on the end of Western financial dominance
At the VTB Investment Forum in Moscow, Putin stated that blockchain technology, among other things, is being used for international payments. He claimed that the US dollar is no longer the dominant currency and method of payment for cross-border activities.
Many other new technologies have arisen, and the BRICS will adapt, jeopardizing the US dollar’s prospects.
According to experts, in the coming years, this will lead to a real revolution that will finally undermine the monopoly of large Western banks […] not in the best condition.
Vladimir Putin
https://www.msn.com/en-us/money/markets/vladimir-putin-pinpoints-the-end-of-western-banking-dominance-brics-reign-begins/ar-AA1lnXM3#image=1