Tuesday, July 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Bitcoin & USDT Power Russia’s Oil Exports to China & India

14 March 2025
in Blockchain
Reading Time: 3 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on Twitter


Loved this text?

Share it with your mates!

Russian companies are turning to cryptocurrency for commerce offers with China and India.

In response to a Reuters report on March 14, with worldwide sanctions limiting conventional cost choices, digital property like Bitcoin


BTC

$82,981.79

and Tether


USDT

$0.9944

are getting used to settle transactions.

Citing 4 sources, the report states that Russian oil corporations use crypto to course of funds for exports. One dealer is claimed to deal with transactions price tens of hundreds of thousands of {dollars} every month by way of digital currencies.

Do you know?

Need to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer movies each week!

What’s Ethereum & What’s it Used For? (Animated Clarification)

What is Ethereum & What is it Used For? (Animated Explanation)
What is Ethereum & What is it Used For? (Animated Explanation)

In response to Reuters, these offers contain intermediaries who handle offshore accounts and convert funds. In a single instance, a Chinese language purchaser transfers yuan to a intermediary’s offshore account, which is then transformed into crypto and despatched by way of a number of accounts earlier than being exchanged for Russian rubles.

One supply urged that crypto’s position in oil commerce will seemingly proceed, even when sanctions are lifted, and Russia regains entry to conventional monetary methods. The supply famous that digital property present a handy and quick approach to settle funds.

Though Russia’s finance minister confirmed in December 2024 that the nation may use Bitcoin for overseas commerce, its position in oil transactions with China and India had not been broadly identified till now.

In the meantime, President Donald Trump’s govt order is predicted to spice up institutional and authorities confidence in Bitcoin funding. How? Learn the complete story.

Aaron S. Editor-In-Chief

Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.With near a decade of expertise within the FinTech business, Aaron understands the entire greatest points and struggles that crypto fans face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for every part and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to remodel the house as we all know it, and make it extra approachable to finish novices.Aaron has been quoted by a number of established retailers, and is a broadcast writer himself. Even throughout his free time, he enjoys researching the market tendencies, and on the lookout for the subsequent supernova.



Source link

Tags: BitcoinChinaExportsIndiaOilpowerRussiasUSDT
Previous Post

Bybit Introduces Zero Fees on Indices Trading for MT5 Users – Crypto-News.net

Next Post

Russia Is Using Bitcoin And Crypto For Its Oil Trades With China And India

Related Posts

Exa Innovates with Multi-Agent Web Research System Using LangGraph
Blockchain

Exa Innovates with Multi-Agent Web Research System Using LangGraph

1 July 2025
TIME called Coinbase a disruptor
Blockchain

TIME called Coinbase a disruptor

30 June 2025
Artificial Intelligence Optimization (AIO): Enhancing AI System Performance
Blockchain

Artificial Intelligence Optimization (AIO): Enhancing AI System Performance

1 July 2025
Tokenised Trade Finance: Can Blockchain Finally Bridge India’s US $300 Billion Export-Credit Gap?
Blockchain

Tokenised Trade Finance: Can Blockchain Finally Bridge India’s US $300 Billion Export-Credit Gap?

30 June 2025
Bitcoin (BTC) Faces Limited Momentum Amid On-Chain Activity Slowdown
Blockchain

Bitcoin (BTC) Faces Limited Momentum Amid On-Chain Activity Slowdown

28 June 2025
Exploring the Risks of Zero-Knowledge Wrapped Digital Identity
Blockchain

Exploring the Risks of Zero-Knowledge Wrapped Digital Identity

29 June 2025
Next Post
Russia Is Using Bitcoin And Crypto For Its Oil Trades With China And India

Russia Is Using Bitcoin And Crypto For Its Oil Trades With China And India

Crypto.com Expands UAE Footprint With License to Offer Derivatives – Crypto News Bitcoin News

Crypto.com Expands UAE Footprint With License to Offer Derivatives – Crypto News Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?

28 June 2025
솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

솔라나 레이어 2 코인 솔락시, 유니스왑 상장 출시… 지금 구매할 만한 유망 코인일까? | Bitcoinist.com

24 June 2025
$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

$304M Raised, 20 Listings Locked – BlockDAG’s Plan Is Set, TAO and Pi Downtrend

16 June 2025
Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

Why is Crypto Crashing? Dust Settles Over SOL and ETH After Musk Storm

7 June 2025
Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup | Bitcoinist.com

23 June 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally | Bitcoinist.com

28 June 2025
How to Harness Prime Day Traffic Without Slashing Prices | Entrepreneur

How to Harness Prime Day Traffic Without Slashing Prices | Entrepreneur

1 July 2025
The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC – News Bytes Bitcoin News

The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC – News Bytes Bitcoin News

1 July 2025
Robinhood Kickstarts US Stocks in Europe with Crypto: Will On-Chain Adoption Skyrocket?

Robinhood Kickstarts US Stocks in Europe with Crypto: Will On-Chain Adoption Skyrocket?

1 July 2025
Penis envy? 35-foot appendage at UK heritage site was almost covered up

Penis envy? 35-foot appendage at UK heritage site was almost covered up

1 July 2025
Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin – Decrypt

Feds Charge Man With $1.7M Scheme to Convert Fake Checks Into Bitcoin – Decrypt

1 July 2025
Circle Proposed to Launch Federally Regulated Trust Bank

Circle Proposed to Launch Federally Regulated Trust Bank

1 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$106,581.00-0.70%
  • ethereumEthereum(ETH)$2,430.25-1.22%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.200.47%
  • binancecoinBNB(BNB)$649.14-0.64%
  • solanaSolana(SOL)$147.97-2.45%
  • usd-coinUSDC(USDC)$1.000.01%
  • tronTRON(TRX)$0.2788960.64%
  • dogecoinDogecoin(DOGE)$0.159494-3.06%
  • staked-etherLido Staked Ether(STETH)$2,430.09-1.22%