The wider use of digital assets in cross-border settlements between Russia and China eases the problems of bilateral payments against the background of anti-Russian sanctions. The problem can be solved using the Qifa digital platform using Tether (USDT) stablecoins, — says Reuters

The Chinese digital platform Qifa, founded in 2013, initially focused on importing Chinese consumer goods to Russia. However, this year it implements bilateral payments, given the rapid growth of trade relations between the countries against the background of Western sanctions, including the persecution of banks

▪️Qifa already manages its operations from offices in Moscow and Beijing, and will soon list its shares on the Moscow Stock Exchange. The company is confident that the problem of payments will be solved by using cryptocurrencies that allow payments to be made within one day

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