Russia and India explore digital currency trade settlements, crypto.news reports
The proposed payment mechanism could reduce reliance on SWIFT, crypto.news reports, citing Sberbank CEO Herman Gref.
TLDR
Russia and India are exploring digital currency settlements for bilateral trade, according to crypto.news. The outlet cites Sberbank CEO Herman Gref as saying the proposed mechanism could reduce reliance on SWIFT, and reports that the two countries are targeting $100 billion in bilateral trade by 2030.
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