Russia is considering the acceptance of cryptocurrency for international trade. The sanctions imposed by the Western countries do not allow for the use of dollars or euros. Russia has started payment agreements in rubles or other local currencies, however, this may not be useful for others. Also gold could be used. Now, in addition to al these methods the use of cryptocurrency is being considered. This would provide an extra avenue for international trade.
In addition to this, and due to the large amounts involves in trading between nations, it can become the trigger for wider use of cryptocurrency for certain transactions and would accelerate the decline of the dollar/euro as international reserve currencies
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