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Russia Eyes Crypto for Grain Export Settlements

  • Russia is considering using cryptocurrency for grain exports to streamline trade and payments.
  • The Agricultural Bank of Russia is exploring blockchain technology as a faster alternative to traditional banking systems for agricultural transactions.
  • The adoption of blockchain in agriculture signals a digital shift in global trade policies, potentially facilitating faster and more efficient payments for Russian farmers.
  • This move could allow Russia to increase the use of cryptocurrency in major agricultural sales, potentially attracting partnerships from other countries looking to streamline payments in the agricultural sector.

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