CryptossorCryptossor
  • Home
  • News
    • Global
    • Bitcoin
    • DeFi
    • Cryptocurrency
    • Economy
  • Technology
  • Contact
Facebook X (Twitter) Instagram
Subscribe
CryptossorCryptossor
X (Twitter)
  • Home
  • News
    1. Global
    2. Bitcoin
    3. DeFi
    4. Cryptocurrency
    5. Economy
    6. View All

    Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

    May 18, 2023

    Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

    May 18, 2023

    EU Council Adopts New Rules for Europe’s Crypto Markets

    May 18, 2023

    BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

    May 18, 2023

    Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

    November 8, 2023

    Progmat stablecoin platform takes shape as wallet, liquidity providers join

    November 8, 2023

    NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

    November 8, 2023

    LidoDAO launches official version of wstETH on Base

    November 8, 2023

    Defrost Finance Team Calls Rug Pull Claims Slander

    December 30, 2022

    Arab Bank Switzerland Presents 10 DeFi Tokens to Customers

    January 7, 2022

    Celsius Network Confirms They Lost Money In BadgerDAO DeFi Attack

    December 3, 2021

    SEC Chairman Gary Gensler Speaks About DeFi

    December 1, 2021

    Bitcoin Price Predictions for 2023 from the Professionals

    January 11, 2023

    Why Is Bitcoin Price Rising? Will the Ascension Continue?

    January 11, 2023

    Iceberg Capital Launches $1 Billion Fund with Venom Foundation

    January 11, 2023

    What is Flare (FLR)? Flare Token Price and Comment

    January 11, 2023

    The end of the road has appeared for the Plus model of the Samsung Galaxy S series! So what’s the reason?

    January 11, 2023

    Mortgage applications increase in the USA, interest rates decrease

    January 11, 2023

    The expectation for the future of the economy is getting worse: The rate of those who have negative expectations about the economy has increased from 50 percent to 71 percent.

    January 11, 2023

    Economists hope lifting of China’s COVID bans will boost 2023 growth better than expected

    January 11, 2023

    Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

    November 8, 2023

    Progmat stablecoin platform takes shape as wallet, liquidity providers join

    November 8, 2023

    NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

    November 8, 2023

    LidoDAO launches official version of wstETH on Base

    November 8, 2023
  • Technology
  • Contact
CryptossorCryptossor
Home»Altcoin»Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements
Altcoin

Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

cryptossorBy cryptossorApril 19, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email
Share
Facebook Twitter Pinterest Reddit WhatsApp Email



Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements

Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s monetary authority would also allow the experimental use of cryptocurrencies in foreign economic activities, its head was quoted as saying.

Russia’s Central Bank ‘Actively Working’ With Turkey on New Payment Gateways

The Central Bank of Russia (CBR) is developing payment gateways with foreign payment systems and is actively working with Turkey in this area, Governor Elvira Nabiullina said at a meeting with lawmakers in the State Duma, the lower house of Russian parliament.

Russians visiting Turkey have been experiencing problems with payments since Visa and Mastercard suspended Russian operations as part of sanctions over the war in Ukraine. Starting from September last year, the Russian Mir cards are no longer accepted in a number of countries.

During that month, Turkish banks also quit processing payments with Mir after a U.S. warning that financial institutions working with CBR’s National Card Payment System, the Mir operator, risk being involved in circumventing Russia sanctions. At the time, Turkish media reported that President Recep Tayyip Erdogan had suggested establishing a new payment system between the two countries.

“We have built a system of gateways between our payment systems so that we can pay. This does not work in all countries … Nevertheless, such opportunities will appear,” Nabiullina said, quoted by the Interfax news agency.

Alternative options are being discussed with each country individually, the governor elaborated, including using prepaid cards or cards issued by the payment systems of the respective nations. Members of Turkey’s tourism industry proposed to launch cards that Russians can load with rubles and use during their stay in the country.

Russia has been mulling over ways to bypass financial restrictions imposed by the West over its invasion of Ukraine. One of the considered options is to use digital assets, including decentralized cryptocurrencies which are yet to be comprehensively regulated in the country.

During the meeting in the Duma, Nabiullina also indicated that while the regulator remains opposed to crypto payments inside the country, it is open to allowing international crypto settlements under experimental legal regimes. These will be conducted through authorized organizations, she explained, quoted by Tass, adding that the scheme can work with other digital financial assets as well.

Do you think Russia, Turkey and other nations will launch alternative fiat payment gateways and use crypto in settlements? Share your thoughts on the subject in the comments section below.



Source link

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
Previous ArticleCoinEx Charity’s Effort to Support Education Is Appreciated by Kacuv
Next Article Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29,000 on Wednesday
cryptossor
  • Website
  • X (Twitter)

The most realistic News Of The Crypto [email protected] https://twitter.com/cryptossorcom

Related Posts

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

May 18, 2023

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

May 18, 2023

EU Council Adopts New Rules for Europe’s Crypto Markets

May 18, 2023

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

May 18, 2023

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023

Axie Infinity Origins Breaks Through Apple’s App Store Barrier, Now Accessible to Select iOS Users

May 17, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Our Picks
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Bitcoin

Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

By cryptossorNovember 8, 2023

Chainlink’s (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8,…

Progmat stablecoin platform takes shape as wallet, liquidity providers join

November 8, 2023

NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

November 8, 2023

LidoDAO launches official version of wstETH on Base

November 8, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Facebook X (Twitter) Pinterest

Type above and press Enter to search. Press Esc to cancel.