On December 7th, a significant development unfolded in the world of international trade with the launch of the electronic counterparty search system. “EXVED” is commonly known as the Exved exchange.
It provides a streamlined process for placing and executing orders to facilitate foreign exchange transactions in foreign economic activities. Let’s discover more about this important news.
EXVED is Building a Cross-Border Platform for Russia
The primary objective of the EXVED project is to empower Russian legal entities by offering a platform to make cross-border payments directly, eliminating the need for intermediaries, and ensuring transactions occur at the minimum market rates. This strategic move aims to enhance the efficiency and cost-effectiveness of foreign economic activities for Russian businesses.
🚀🌐 Breaking News!
Russia launches a cross-border payment platform, They are going to use Exved, a local digital settlement platform, to streamline international settlements with cryptocurrencies!
🔥 Starting Dec. 7, they'll use #Tether $USDT, offshore ruble, and USD for… pic.twitter.com/5K6FfsEbhb
— Andres ₿ Meneses (@andreswifitv) December 7, 2023
The exchange utilizes non-resident rubles, US dollars, and the popular stablecoin, and Tether (USDT), for settlements. This selection of currencies adds flexibility and convenience for users engaging in cross-border transactions on the platform.
More About EXVED
Beyond its core function of facilitating counterparties, the Exved Exchange goes the extra mile by providing complimentary services. The launch of Exved has garnered support from leading brokers with established credibility in the cross-border payments market.
‼️‼️‼️One of #Russia's first cross-border payment platform, #Exved, has officially launched, allowing local legal entities to process international settlements in #Tether stablecoin, offshore ruble, and the #US dollar. pic.twitter.com/N8aU7KDtCq
— Ryan ATHI (@RYAN_ATHI) December 7, 2023
This collaborative effort ensures that the exchange operates with the highest standards of professionalism and technical reliability.
In conclusion, the EXVED exchange emerges as a game-changer in the realm of cross-border transactions for Russian businesses. By providing a comprehensive platform for counterparties to connect, facilitating direct transactions, and offering additional services such as legal registration and custody, EXVED aims to simplify and optimize the foreign economic activities of Russian legal entities.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.