#Russian Putin Highlights the Imminent Rise of New Payment Tools Amid Dollar Concerns

AI Summary

According to PANews, Russian President Vladimir Putin stated at the investment forum "Russia Calling!" on December 4 that the development of new payment tools is progressing naturally and is an inevitable process. He emphasized that technologies like Bitcoin cannot be banned, nor can other electronic payment tools, as they represent new technological advancements. Regardless of what happens to the dollar, these tools will continue to evolve as everyone seeks to reduce costs and increase reliability.

Putin also noted that if the global use of the dollar continues to decline, it would undermine the economic strength of the United States. He questioned the logic behind accumulating foreign exchange reserves if they can be easily lost. Putin criticized the current U.S. administration for undermining the dollar's role as a global reserve currency, using it for political purposes, which is leading many countries to turn to alternative assets, including cryptocurrencies.$RUNE