{"id":24979,"date":"2023-12-08T12:04:51","date_gmt":"2023-12-08T12:04:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/russias-exved-launches-cross-border-crypto-payments-with-tethers-usdt\/"},"modified":"2023-12-08T12:04:51","modified_gmt":"2023-12-08T12:04:51","slug":"russias-exved-launches-cross-border-crypto-payments-with-tethers-usdt","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/russias-exved-launches-cross-border-crypto-payments-with-tethers-usdt\/","title":{"rendered":"Russia\u2019s Exved launches cross-border crypto payments with Tether&#8217;s USDT"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/02\/1645632945177-c9f24bd2-e0e8-4982-984f-2a62e97d8b39-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/02\/1645632945177-c9f24bd2-e0e8-4982-984f-2a62e97d8b39-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/02\/1645632945177-c9f24bd2-e0e8-4982-984f-2a62e97d8b39-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/02\/1645632945177-c9f24bd2-e0e8-4982-984f-2a62e97d8b39-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The platform supports Tether\u2019s USDT stablecoin.<\/li>\n<li>Exved has garnered regulatory approval from the Bank of Russia and the Federal Financial Monitoring Service of the Russian Federation.<\/li>\n<\/ul>\n<p>Exved, a Russian digital settlement exchange, has launched a cross-border payment service that enables local legal entities to conduct international settlements using <a href=\"https:\/\/coinjournal.net\/tether\/what-is-tether\/\">Tether\u2019s USDT stablecoin<\/a>.<\/p>\n<p>This groundbreaking move showcases a significant step forward in the intersection of traditional finance and the cryptocurrency landscape, offering a streamlined solution for Russian businesses engaged in global transactions.<\/p>\n<h2>Cross-border crypto payment solution for Russians<\/h2>\n<p>Exved\u2019s crypto cross-border service makes it one of the first platforms empowering local legal entities in Russia to conduct cross-border digital payment services with a focus on cryptocurrencies. The platform operates through a business-to-business (B2B) electronic system, allowing Russian importers and exporters to seamlessly place and execute offshore orders.<\/p>\n<p>Exved\u2019s innovation lies in its support for Tether\u2019s USDT stablecoin, offering a reliable cryptocurrency option alongside the US dollar and offshore ruble for international settlements.<\/p>\n<h2>Exved\u2019s crypto compliance and regulatory approval<\/h2>\n<p>Exved has obtained regulatory approval from the Bank of Russia and the Federal Financial Monitoring Service of the Russian Federation, adding a layer of credibility to its operations. The platform exclusively collaborates with legal entities, ensuring strict compliance with Anti-Money Laundering and Counter-Terrorist Financing (AML\/CFT) measures.<\/p>\n<p>This approach aligns with the broader regulatory framework in Russia and reflects Exved\u2019s commitment to adhering to compliance standards within the country\u2019s financial landscape.<\/p>\n<p>While targeting primarily a Russian audience, Exved aims to showcase the efficiency of its cross-border payment solution by enabling transactions with lower fees\u2014typically 2\u20133%, compared to the usual 6\u20137%.<\/p>\n<p>The platform not only simplifies international payments but also offers complementary services for legal transaction documentation, acting as an escrow agent.<\/p>\n<p>With the involvement of well-known brokers and technical specialists, Exved positions itself as a key player in the cross-border payment market, leveraging cryptocurrencies to enhance the efficiency and cost-effectiveness of financial transactions for businesses in Russia.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/russias-exved-launches-cross-border-crypto-payments-with-tethers-usdt\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The platform supports Tether\u2019s USDT stablecoin. Exved has garnered regulatory approval from the Bank of Russia and the Federal Financial Monitoring Service of the Russian Federation. Exved, a Russian digital settlement exchange, has launched a cross-border payment service that enables local legal entities [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":24980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24979"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24979"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24980"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}