Bank AI

<div class="coinjournal"> 
 <ul> 
  <li>The platform supports Tether’s USDT stablecoin.</li> 
  <li>Exved has garnered regulatory approval from the Bank of Russia and the Federal Financial Monitoring Service of the Russian Federation.</li> 
 </ul> 
 <p>Exved, a Russian digital settlement exchange, has launched a cross-border payment service that enables local legal entities to conduct international settlements using Tether’s USDT stablecoin.</p> 
 <p>This groundbreaking move showcases a significant step forward in the intersection of traditional finance and the <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency landscape, offering a streamlined solution for <a rel="dofollow" title="Russia" href="https://thebittimes.com/tag/russia.html">Russia</a>n businesses engaged in global transactions.</p> 
 <h2 id="cross-border-crypto-payment-solution-for-russians">Cross-border crypto payment solution for Russians</h2> 
 <p>Exved’s 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> 
 <p>Exved’s innovation lies in its support for Tether’s USDT stablecoin, offering a reliable cryptocurrency option alongside the US dollar and offshore ruble for international settlements.</p> 
 <h2 id="exved-s-crypto-compliance-and-regulatory-approval">Exved’s crypto compliance and regulatory approval</h2> 
 <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> 
 <p>This approach aligns with the broader regulatory framework in Russia and reflects Exved’s commitment to adhering to compliance standards within the country’s financial landscape.</p> 
 <p>While targeting primarily a <a rel="dofollow" title="Russia" href="https://thebittimes.com/tag/russia.html">Russia</a>n audience, Exved aims to showcase the efficiency of its <a rel="dofollow" title="cross-border" href="https://thebittimes.com/tag/cross-border.html">cross-border</a> <a rel="dofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> solution by enabling transactions with lower fees—typically 2–3%, compared to the usual 6–7%.</p> 
 <p>The platform not only simplifies international payments but also offers complementary services for legal transaction documentation, acting as an escrow agent.</p> 
 <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> 
</div>
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/russia-s-exved-launches-cross-border-crypto-payments-with-tether-s-usdt-tbt73039.html">https://thebittimes.com/russia-s-exved-launches-cross-border-crypto-payments-with-tether-s-usdt-tbt73039.html</a></p>

Russia’s Exved launches cross-border crypto payments with Tether’s USDT

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