The news about Russia/Iran/Venezuela accepting crypto payments for their oil export has been around in the last 10 years.
It's obvious that Russia doesn't want Indian rupees for oil. Crypto is way better in comparison to certain national currencies, when it comes to global import/export deals. However, I don't believe that this will continue forever. USA under Trump might remove the sanctions against Russia and the US dollar might again dominate the global trade. I'm quite sure that Bitcoin would never be massively accepted as a payment method in international oil and gas deals.
Really? So you don't care if drug lords and terrorists are using crypto?
It's obvious that Russia doesn't want Indian rupees for oil. Crypto is way better in comparison to certain national currencies, when it comes to global import/export deals. However, I don't believe that this will continue forever. USA under Trump might remove the sanctions against Russia and the US dollar might again dominate the global trade. I'm quite sure that Bitcoin would never be massively accepted as a payment method in international oil and gas deals.
Glad to hear this! No matter who is using crypto, it's always a victory.
Really? So you don't care if drug lords and terrorists are using crypto?