Russia should use crypto for payments with Africa, commerce exec says

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Russia should use crypto for payments with Africa, commerce exec says
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Could crypto connect Russia and African countries? An executive at Russia’s Chamber of Commerce and Industry has called for the government to conduct cross-border settlements in cryptocurrencies and CBDCs. (Reporting via coindanslecoin)

An executive at Russia’s Chamber of Commerce and Industry has called on the government to conduct cross-border settlements in cryptocurrencies and central bank digital currencies .

“It seems useful to instruct the Ministry of Finance of the Russian Federation, together with the Central Bank, to ensure providing intergovernmental agreements with African states on the use of national currencies and cryptocurrencies in mutual settlements and payments.” The news comes as several countries in Africa are considering cooperation with Russia-linked blockchain networks.

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