Russia is ready to begin trials of crypto exchanges and token transactions for international payments in order to bypass the international sanctions introduced after its invasion of Ukraine first started.
Russian Crypto Exchange and Cross-Border payment Trials to Begin Shortly
Sources familiar with the matter have revealed that the trials will start on September 1, and will involve the National Payment Card System that would handle the exchange between Russian rubles and digital assets.
In preparation for this, the country recently also passed legislation that legalized crypto mining, and it established a framework that would allow testing cross-border payments by way of cryptocurrencies.
The whole idea to start using crypto started as Russian businesses could no longer pay foreign suppliers and receive payments for exports due to sanctions. Some of the country’s metal producers already switched to stablecoins when doing business with China. Recent reports also revealed that the country intends to establish at least two domestic crypto exchanges.
Russian involvement with the crypto industry will likely further contribute to the crypto sector, potentially boosting demand, volume, and liquidity. Furthermore, with the next big crypto rally arriving, now might be the perfect time to invest in a low-price, high-potential cryptocurrency, such as Crypto All-Stars (STARS).
JOIN THE STARS ICO WHILE ITS PRICE IS LOW
What is Crypto All-Stars?
Crypto All-Stars is a new meme coin project that has developed a unique technology that could revolutionize staking. Over the years, staking has become one of the primary ways for crypto users to earn passive income without having to expose themselves to the risk that comes with trading.
All they need to do is pick a project that allows users to stake their tokens by locking them up in a smart contract, and that is all. By doing this they help secure the project’s network, while the project repays them with its native tokens.
However, when it comes to Crypto All-Stars, it has developed a new type of smart contract known as MemeVault which allows users to stake multiple meme coins. MemeVault will not only support STARS, but also most major cryptos, like Dogecoin, Floki, Pepe, Turbo, Milady, and more.
In other words, it can become the center of meme coin staking once it goes live. Its purpose is to spread a sense of unity throughout the meme coin sector and introduce an easier, more accessible way to stake major meme coins, all in one place. For now, however, the project is still in presale, which raised over $800.9k so far.
BUY STARS TOKENS WITH ETH, BNB, USDT, or CREDIT/DEBIT CARD
Its native token, STARS, is selling for only $0.0014078 apiece, and in less than two days, the ICO will enter its next stage. With this transition, the STARS token will see a scheduled price increase, so anyone looking to buy at its current, lower price should move now, before the increase happens.
