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I can't believe this isn't bigger news. The U.S. is basically forcing Russia into default status on loans because they can't pay with the specified currency (usually USD).https://www.reuters.com/markets/europe/russias-political-debt-default-sets-emerging-market-precedent-2022-05-27/Putin has already noted Russia's competitive advantage in bitcoin mining. Things could get interesting.
You are right @siggy47. Russia paying back loans using Bitcoin must be inevitable. Which lender would say no to this?
Some people do, but the absolute majority stubbornly refuse to change their habits even if they lose 10% in the transfer.
im already using it for international payments :)
Countries and people do not willingly adopt Bitcoin. They need to be forced to do so, such as by sanctions.
I can't believe this isn't bigger news. The U.S. is basically forcing Russia into default status on loans because they can't pay with the specified currency (usually USD).
https://www.reuters.com/markets/europe/russias-political-debt-default-sets-emerging-market-precedent-2022-05-27/
Putin has already noted Russia's competitive advantage in bitcoin mining. Things could get interesting.
You are right @siggy47. Russia paying back loans using Bitcoin must be inevitable. Which lender would say no to this?
Some people do, but the absolute majority stubbornly refuse to change their habits even if they lose 10% in the transfer.
im already using it for international payments :)
Countries and people do not willingly adopt Bitcoin. They need to be forced to do so, such as by sanctions.