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Learning & News => News related to Crypto => Topic started by: newshunter on September 30, 2022, 01:00:35 PM

Title: Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Post by: newshunter on September 30, 2022, 01:00:35 PM
Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis

Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable.


Source: Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis (https://cointelegraph.com/news/russia-unlikely-to-choose-bitcoin-for-cross-border-crypto-payments-analysis)

Would appreciate your opinion about this
Title: Re: Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Post by: mohdelayo on September 30, 2022, 04:04:17 PM
Adoption of Bitcoin will translate into a huge liberation for Russia and its populace. Although many forces might try to take advantage of the development for various negative vices, ultimately it will be off immense benefits to all stakeholders.
Title: Re: Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Post by: Astra on September 30, 2022, 10:26:26 PM
Cryptocurrency payments in large amounts are very easy to trace, because it is practically open information. Analysts can easily track the entire supply chain by hooking on the public address of a cross-border payment. In the future, such addresses will be carefully monitored and, in a convenient case, the cryptocurrency will be banned. Why would Russia take such a risk. After all, you can trade either in rubles or in the national currency of the other party to the contract. In some cases, barter may even be suitable.
Title: Re: Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis
Post by: Bobcrypto on October 01, 2022, 12:31:35 PM
Quote from: newshunter on September 30, 2022, 01:00:35 PM
Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis

<p style="float:right; margin:0 0 10px 15px; width:240px;">(https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvNjhlYjVlOWItZmZmZC00MmYxLWEyNWQtZjExODBjZjAyYjYzLmpwZw==.jpg)</p><p>Bitcoin looks suitable for Russia’s crypto cross-border payments at first glance, but there are many reasons why such a choice is highly questionable.</p>

Source: Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis (https://cointelegraph.com/news/russia-unlikely-to-choose-bitcoin-for-cross-border-crypto-payments-analysis)

Would appreciate your opinion about this

Any news about Russia crypto adoptions should not be taken very serious because in the past, we have heard too many news about Russia adoptions which were not real. Today you hear this, and the next day another news, all pointing to Russia. I think that Russia has not taking a solid ground about crypto adoptions hence it is unnecessary to even decide or predict with which coin/tokens Russia will adopt on cross border payment. Thanks