The post Russia Opens a Gateway for Cross-Border Payments! appeared first on Coinpedia Fintech News
Exved, a Russian digital settlement platform, has announced the approval and the launch of its cross-border payment platform for legal entities. The platform allows for international settlements in cryptocurrency, using Tether’s USDT stablecoin alongside the offshore ruble and US dollar. Exved emphasizes compliance with Anti-Money Laundering and Counter-Terrorist Financing measures and aims to help Russian legal entities make cross-border payments without intermediaries at minimum market rates. The launch has involved major industry partners, including InDeFi Bank, which launched the decentralized crypto ruble project last year. The project has been tested and approved by the Central Bank and the Federal Financial Monitoring Service of the Russian Federation.
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