BCGAME - Free 5BTC Daily Bonus!Will a BRICS digital asset platform be created to target investments in South Asia, Africa and Latin America? Russian President Vladimir Putin has outlined a proposal to create a new BRICS investment platform using digital assets to support developing markets in South Asia, Africa and Latin America. The information was published by media Tax.
The proposal was recently presented during a plenary session of the Valdai Discussion Club by Russian President Vladimir Putin. “We propose creating a new investment platform for BRICS countries using electronic assets.”
As Putin highlighted, the new BRICS platform would target investments mainly in developing markets, such as sectors in South Asia, Africa and Latin America.
“This platform would enable investment in developing markets, particularly in South Asia, Africa and Latin America.”
In a significant development for the regions, the new BRICS digital asset platform would enable electronic payments as well as investment in developing markets, focusing on regions that have great growth potential.
“We believe so because very strong demographic processes are taking place there: population growth, capital accumulation, the level of urbanization is sufficient and will certainly grow,” Putin said.
It is worth noting that in January, the BRICS economic bloc expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates. The countries joined the bloc's existing members: Brazil, Russia, India, China and South Africa.
It is worth remembering that in March, in a bold move, the BRICS member countries took a significant step towards economic autonomy. The alliance announced the development of an innovative blockchain-based payment system. This initiative aimed to reduce dependence on the US dollar, ushering in a new era of “economic and policy-free” transactions accessible to governments and ordinary citizens.
