Features Crypto News by Thebittimes.Com

In a Dec. 6 post on Telegram, the Russian digital settlement platform Exved shared the announcement of its cross-border payment system, which is set to offer a solution for local legal entities engaged in international trade to use cryptocurrencies. Exved’s platform will enable Russian importers and exporters to utilize the Tether (USDT) stablecoin alongside the offshore ruble and the United States dollar. A multifaceted approach As stated in the Exved announcement, the newly launched project aims to empower Russian legal entities by facilitating direct cross-border payment s at minimal market rates, eliminating the need for intermediaries. The exchange exclusively caters to legal entities and says it is committed to upholding anti-money laundering (AML) and combating the financing of terrorism (CFT) procedures. Dec. 6 post | Source: Exved Telegram You might also like: Binance to stop accepting deposits in Russian rubles Beyond its primary objective of con...

Italian luxury car manufacturer Ferrari has decided to include cryptocurrency as a payment option in response to demands from dealers and the market. The Maranello, Italy-based company will start accepting purchases of its luxury cars using crypto in the U.S., with plans to expand the new payment option in Europe in the first quarter (Q1) 2024, Reuters reported.  The company’s chief marketing and commercial officer, Enrico Galliera told the publication that many of Ferrari’s clients are crypto investors, and including crypto as an option will enable the company to connect with potential clients. Potential customers include “young investors who have built their fortunes around cryptocurrencies” while others are “more traditional investors, who want to diversify their portfolios,” Galliera said. You might also like: Former PayPal president explores vision for Bitcoin as global payment network Currently, the luxury car manufacturer will su...