Friday, May 6, 2022

Russia is exploring using Bitcoin as a payment method for oil and gas.

Russia is considering accepting Bitcoin as payment for its oil and gas exports, according to a high-ranking legislator. "Friendly" countries, according to Pavel Zavalny, may be allowed to pay in crypto or their own currencies. Russian President Vladimir Putin said earlier this week that he wants "unfriendly" countries to pay in roubles for Russian gas. The move is thought to be aimed at bolstering the Russian ruble, which has lost about 20% of its value so far this year. Following the invasion of Ukraine, the United Kingdom, the United States, and the European Union imposed sanctions on Russia, putting pressure on the rouble and rising living costs. On the other hand, Russia continues to be the world's largest natural gas exporter and second-largest oil supplier.

These are only a few of the current events throughout the world. As you can see, Russia is considering allowing friendly countries to pay in bitcoin or their own currency for gas and oil. I believe this is going to be a significant push for bitcoin, therefore I recommend you check into it further. Now it's up to you to decide if you think now is the right moment to invest in bitcoin or in a project like CoinFantasy. I'd love to hear your thoughts on what you believe is the greatest option right now in the comments!


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