Russia and Turkey are planning to use cryptocurrency in trade to bypass US sanctions. This was reported by Turkish political scientist Engin Ozer.
Cryptocurrency transfers are faster, the exchange rate difference is smaller, and commission fees are significantly lower than when trading through the classic SWIFT system.
Recently, the State Duma of the Russian Federation approved a bill that allows the use of cryptocurrency settlements in trade between the two countries.
The political scientist emphasized that the introduction of cryptocurrency could contribute to the growth of trade between Russia and Turkey. During recent negotiations at the BRICS summit in Kazan, Turkish President Recep Tayyip Erdogan also reported that the relevant departments of both countries are actively working on solving problems related to banking transactions.
Earlier www1.ru reported that Russians will be able to to use the digital ruble in 2025.
Read materials on the topic:
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The Central Bank spoke about plans to introduce the digital ruble
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