MOSCOW, 24 November. /TASS/. An independent system of international payments can be created based on digital currency and blockchain technologies, Russian President Vladimir Putin said on Thursday.

"It is possible to create a new system of international payments based on digital currency technologies and distributed registries, much more convenient, but at the same time completely safe for participants and independent of banks and third-party interference," Putin said.

According to him, global financial institutions should reflect the realities of the multipolar world and be based on open democratic principles. "In the conditions of the current illegitimate restrictions, settlements are one of the attack lines," Putin said. "The current international payment system is expensive, and its correspondent account system and regulation are controlled by a small group of states and financial companies," he said.