Russian Companies Turn to Bitcoin as Sanctions Bite, Reports Reuters: A Growing Trend in Digital Currency Adoption
Russian companies are increasingly turning to Bitcoin and other digital currencies for international payments due to Western sanctions. Chinese banks, once key players in Russian trade, have drastically reduced transaction support, fearing repercussions in U.S. financial markets. Reports indicate that by mid-2024, up to 80% of Russian payments in yuan were either rejected or returned. ...
