The President emphasized that the use of new payment technologies is an inevitable process. President of Russia Vladimir Putin noted that no one can prohibit cryptocurrency or other electronic means of settlement. This was his comment on the words of the elected U.S. President Donald Trump about possible sanctions for BRICS countries for refusing to use the dollar, while speaking at the VTB forum "Russia Calls!".
"For example, who can prohibit cryptocurrency? No one. And the use of other electronic means of settlement? These are new technologies, and no matter what happens to the dollar, these instruments will develop one way or another, because everyone will strive to reduce costs and increase reliability," said Putin.
The President said that during the four years Trump was absent from the White House, his successors did a lot to undermine the dollar: they began to impose sanctions, and the influence of the U.S. dollar in the world began to decrease naturally.
According to Putin, the transition to new payment technologies is an inevitable process, and "the dollar has nothing to do with it."
Vladimir Putin previously pointed out the "rapid development of advanced technologies" in the financial sector, particularly the creation of digital currencies, new payment services, and models of financial settlements, including the use of blockchain technologies. He emphasized that when it comes to international economic cooperation in the field of settlements, mutual trust and respectful attitude towards each other's interests are extremely important.#PUTIN #CASHA
