Airdrop Army

So, BRICS drops a bold move again. This time, they’re cooking up a digital asset platform aimed at fueling markets across South Asia, Africa, and Latin America. Russia’s Putin laid it all out at Sochi’s Valdai shindig, calling on BRICS to go big on electronic assets. He hit the point clean, saying:

“We suggest creating a new investment platform of [BRICS countries], using electronic assets, developing them.” BRICS sees this as a way to pour investments into spots where capital and growth are on overdrive. Imagine that – no middlemen in suits, no detours. Just raw crypto flow hitting primary markets that need it.

The plan is to streamline this fresh platform for swift investments, with BRICS steering the wheel. All done with a digital-first, asset-packed framework ready to pump funds without the usual financial gatekeepers. Picture BRICS sidestepping the usual Western rulebook. It’s more than just a plan – it’s a bid to pull away from outdated systems.

BRICS’ New Crew: Bringing the Heavy Hitters

BRICS started 2024 strong by adding Egypt, Ethiopia, Iran, and UAE to the pack, broadening the reach beyond Brazil, Russia, India, China, and South Africa. And they didn’t stop there; invitations were sent to 13 more economies. BRICS isn’t just adding numbers; they’re stacking leverage, banking on raw demographic force and untapped market fuel.

Putin laid it out again: these target regions are booming with population growth, urban sprawl, and serious capital gain potential. That’s what BRICS wants to hit. They’re not throwing darts; they’re homing in on the sweet spots for big returns and global reach.

The End of Dollar Daze?

Of course, there’s the dollar talk – can’t avoid it. Putin’s got words on the greenback too, criticizing restrictive U.S. policies. BRICS aims for financial escape hatches, weaving alternatives to Western money rails. While Putin sees the dollar as sticking around for now, he’s eyeing other lanes for BRICS to dominate. At the 16th Summit in Kazan, members threw out plans to minimize dollar ties – with a sharp look at BRICS-crafted payment networks that Western systems can’t touch.