Russia and BRICS countries create BRICS Bridge platform for settlements in digital currencies

Russia, together with the central banks of the BRICS countries, is developing an innovative platform called BRICS Bridge. This platform is designed to facilitate settlements and transactions in the national digital currencies of the BRICS member countries. The main goal of the project is to create a reliable and efficient system of financial transactions that will facilitate the development of economic ties between BRICS countries and reduce dependence on traditional currencies and financial institutions.

The BRICS Bridge platform will be integrated with existing financial systems and will ensure a high level of security and speed of transactions. It is expected to become an important tool for strengthening economic cooperation and integration of BRICS countries in the global market. In addition, the use of national digital currencies will reduce the costs of international transfers and minimize the risks associated with currency fluctuations.

The development of BRICS Bridge is also aimed at creating a fairer and more sustainable global financial system. The platform will promote innovation in financial technology and the digital economy, as well as stimulate the growth of trade and investment among BRICS countries. In the future, BRICS Bridge may become a model for other regional and international initiatives in the field of digital finance. 

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