China and Russia Using Bitcoin for Trade Settlements

China and Russia have started using Bitcoin and other digital assets to settle some energy trade transactions, according to a VanEck report.

This move comes amid global trade tensions and a weakening US dollar, as both countries seek alternatives to the US-led financial system.

The adoption of Bitcoin for trade settlements signals its potential evolution from a speculative asset to a functional monetary tool, particularly in economies aiming to reduce dependence on the dollar. Show Less

https://watcher.guru/news/china-and-russia-begin-settling-trade-transactions-using-bitcoin
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