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BRICS Plans Digital Payment System to Boost Developing Markets

  • BRICS is exploring the use of digital assets for foreign trade to support developing markets.
  • Russia's President Putin proposed a new investment platform for electronic payments at the Valdai Discussion Club.
  • The BRICS alliance aims to reduce reliance on the U.S. Dollar, welcoming new members Egypt, Ethiopia, Iran, and the UAE.
  • The digital payment system could help developing regions achieve greater financial independence and stability.

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