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Thailand Seeks to Offer Russian Tourists Crypto Payment Option Amid Fiat Sanctions

A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of…

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Binance Launches Bitfinity, a Payments Company Targeting the Web3 Economy

Leading cryptocurrency exchange Binance has announced the launch of its own payments processing company, Bitfinity. Bitfinity will act as the default fiat-to-crypto payments ramp for the exchange, as well as…

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Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine

The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation…

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Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia

A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech…

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Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension

Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures…

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