Paying for russian gas usdt or usdc | Bitcointalksearch.org

325btc

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Quote from: kawetsriyanto on April 22, 2022, 04:26:27 PM

Quote from: 325btc on April 15, 2022, 10:53:35 AM

Paying for gaz with usdt or usdc for russian gas could be the neutral option instead of using btc becouse putim dont dont have that good exchanger to exchange that large ammount of money to rubles or btc unstable big volatility not option but usdt or usdc has good volatility also you dont need to exvhange this usdt usdc are stable so it could be used very for large transactions.

What do you mean by the neutral option? Do you mean "wise decision"?

First, it is the right of the Russian government to decide whatever the payment tool for their gas or oil. They are the seller, so it depends on them to accept whatever payment tool they want.

Second, I don't see that stable coins are better than BTC. If we look at the security of BTC and stable coins, I assume BTC is safer as it is the number 1 crypto coin. If the Russian government doesn't like its volatility, they can convert it to their currency and not hold a long time. Nothing wrong with BTC and we actually can deal with the volatility.

How do you know Putin has no good exchanger?
Once he decides to use BTC as the payment tool, he must already know well how it works and how to exchange it in a secure way. Putin is a smart person, you don't need to doubt his knowledge or his capability about crypto. And he shouldn't do it himself, don't forget that he is a president.

Putin is just puppet.not smart just puppet his masters are smart

kawetsriyanto

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Quote from: 325btc on April 15, 2022, 10:53:35 AM

Paying for gaz with usdt or usdc for russian gas could be the neutral option instead of using btc becouse putim dont dont have that good exchanger to exchange that large ammount of money to rubles or btc unstable big volatility not option but usdt or usdc has good volatility also you dont need to exvhange this usdt usdc are stable so it could be used very for large transactions.

What do you mean by the neutral option? Do you mean "wise decision"?

First, it is the right of the Russian government to decide whatever the payment tool for their gas or oil. They are the seller, so it depends on them to accept whatever payment tool they want.

Second, I don't see that stable coins are better than BTC. If we look at the security of BTC and stable coins, I assume BTC is safer as it is the number 1 crypto coin. If the Russian government doesn't like its volatility, they can convert it to their currency and not hold a long time. Nothing wrong with BTC and we actually can deal with the volatility.

How do you know Putin has no good exchanger?
Once he decides to use BTC as the payment tool, he must already know well how it works and how to exchange it in a secure way. Putin is a smart person, you don't need to doubt his knowledge or his capability about crypto. And he shouldn't do it himself, don't forget that he is a president.

DrBeer

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Quote from: Pejoh Asu on April 20, 2022, 12:30:30 AM

There are many rumors circulating that Russia will use cryptocurrencies for gas and oil transactions, unfortunately there is no official information yet, so everything is still an assumption, transactions with very large amounts will certainly keep hackers busy so I believe that transactions with Rubble are more realistic compared to cryptocurrencies.

Stop

No one can answer a simple question for me - HOW can Russia use crypto to bypass sanctions and / or sell oil and gas?

Russia, due to its total import dependence of the economy and the domestic market, needs Western goods, technologies that are sold ONLY for dollars or euros. The question is - Russia being under sanctions HOW can sell oil for bitcoins and then get a DOLLAR or EURO and buy sanctions technologies or goods?

I will now voice a new "idea", as stupid as "Russia will bypass sanctions with the help of cryptocurrencies." So - Russia will bypass the sanctions and defeat the Western countries, with the help of candy wrappers! Candy wrappers - you lost the West!

The Cryptovator

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I won't agree here using a centralized stable coin dealing with national goods officially. The US giving them sanctions in various ways, so it's possible to detect stable coin transactions and freeze them. Bitcoin is better for such deals, but don't think Russia going to do something like that with such a big amount. It's quite risky for Russia especially converting them into cash. Rather they would force buyer use Rubble to buy gas or oil.

fiulpro

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Quote from: 325btc on April 15, 2022, 10:53:35 AM

Paying for gaz with usdt or usdc for russian gas could be the neutral option instead of using btc becouse putim dont dont have that good exchanger to exchange that large ammount of money to rubles or btc unstable big volatility not option but usdt or usdc has good volatility also you dont need to exvhange this usdt usdc are stable so it could be used very for large transactions.
Also western countries can buy easy the stable coins a lot of liquity so its a most logical and sustaineble way.

This is not about volatility. At the end of the day we should realize that BTC is already covered by the EU sanctions as well as the sanctions by the other countries as well, therefore I do think that dragging bitcoins into it would be bad for Bitcoins as well.

Using the usdt would not really be a good idea since Russia right now cannot get the hands on the international market and therefore they want to pay in their national currency as well but this means that they won't have to go out of their way to improve the situation if you provide them with a solution.

It's all about Russia making amends not looking for things they can find the loop holes in.

<>

Oasisman

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Quote from: Pejoh Asu on April 20, 2022, 12:30:30 AM

There are many rumors circulating that Russia will use cryptocurrencies for gas and oil transactions, unfortunately there is no official information yet, so everything is still an assumption, transactions with very large amounts will certainly keep hackers busy so I believe that transactions with Rubble are more realistic compared to cryptocurrencies.

Regardless if there are rumors or none, Putin would always choose Rubles as a means of payment for oil. I mean why would they choose crypto when their own currency is decreasing in value.
They might have an option to accept crypto for a different transaction, but with oil I guess no. Putin have already announced that. If you need their oil, you will need to pay in Rubles, that the only way to save their own currency.

GelatikKembar

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Quote from: Pejoh Asu on April 20, 2022, 12:30:30 AM

There are many rumors circulating that Russia will use cryptocurrencies for gas and oil transactions, unfortunately there is no official information yet, so everything is still an assumption, transactions with very large amounts will certainly keep hackers busy so I believe that transactions with Rubble are more realistic compared to cryptocurrencies.

So far it's still just a rumor so we don't know anything about the clarity of the rumor,
whether using cryptocurrency for the transaction will happen or not basically the possibility will always be there,
but I also agree with you that it's also important to react realistically and we'll see about that later

nur rochid

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Quote from: Pejoh Asu on April 20, 2022, 12:30:30 AM

There are many rumors circulating that Russia will use cryptocurrencies for gas and oil transactions, unfortunately there is no official information yet, so everything is still an assumption, transactions with very large amounts will certainly keep hackers busy so I believe that transactions with Rubble are more realistic compared to cryptocurrencies.

Indeed, the rumor has not been realized until now, but if you think about it logically if you are a Russian, of course you want payment using its currency, namely the ruble, because then the ruble currency can rise in value and break sanctions from America, because European countries need oil from Russia. , and as the host has a condition to give the oil

Pejoh Asu

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There are many rumors circulating that Russia will use cryptocurrencies for gas and oil transactions, unfortunately there is no official information yet, so everything is still an assumption, transactions with very large amounts will certainly keep hackers busy so I believe that transactions with Rubble are more realistic compared to cryptocurrencies.

Sir Legend

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Quote from: 325btc on April 15, 2022, 10:53:35 AM

Paying for gaz with usdt or usdc for russian gas could be the neutral option instead of using btc becouse putim dont dont have that good exchanger to exchange that large ammount of money to rubles or btc unstable big volatility not option but usdt or usdc has good volatility also you dont need to exvhange this usdt usdc are stable so it could be used very for large transactions.
Also western countries can buy easy the stable coins a lot of liquity so its a most logical and sustaineble way.

I think it is better if Russia trades with stable coins, if using bitcoin or other coins that have high fluctuations it will make the bitcoin price like a roller coaster, moreover gas transactions can be billions of dollars for one transaction and will make the market unstable. besides that there will be many speculators and whales who take advantage of this situation so that it will cause a lot of difficulties for other countries who want to pay.

Hydrogen

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Quote from: 325btc on April 15, 2022, 10:53:35 AM

Paying for gaz with usdt or usdc for russian gas could be the neutral option instead of using btc becouse putim dont dont have that good exchanger to exchange that large ammount of money to rubles or btc unstable big volatility not option but usdt or usdc has good volatility also you dont need to exvhange this usdt usdc are stable so it could be used very for large transactions.
Also western countries can buy easy the stable coins a lot of liquity so its a most logical and sustaineble way.

Have you seen a recent chart for the russian ruble? Its not that bad.

As long as the russian ruble remains relatively stable, there is little motive to search for alternative options.

A good example for USDT being useful as a hedge versus inflation is the lira of turkey.

Regions of high inflation create a dire need for alternatives that are more stable and reliable. Which stablecoins like USDT might fill.

crzy

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Quote from: Pomogator on April 17, 2022, 09:27:00 AM

Indeed, Putin is looking for possible options to get away from paying for gas in dollars and euros. USDT now looks very good as a replacement for the traditional fiat, so Russia can get away from the strengthening of the dollar in the market.

He’s looking for alternative because of the sanctions and crypto stable coins might be the best alternatives but Putin is a smart guy, he wants to get Ruble for the gas trade because this can save their economy so I think their priority is still their own fiat money. Many countries are still want to get gas from Russian and they have no choice but to comply with the requirements especially with Ruble, there’s no news yet about accepting cryptocurrency.

DrBeer

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Quote from: Pomogator on April 17, 2022, 09:27:00 AM

Indeed, Putin is looking for possible options to get away from paying for gas in dollars and euros. USDT now looks very good as a replacement for the traditional fiat, so Russia can get away from the strengthening of the dollar in the market.

One question - when will Russia receive USDT, and for example, want to buy American drilling equipment - tell us how they will carry out this operation, having USDT in their hands?

if not difficult step by step, in large stages. And also taking into account the real market, and without fabulous processes like "and at this stage we easily pay for the USDT oil rig"? Really looking forward to the answer

Pomogator

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Indeed, Putin is looking for possible options to get away from paying for gas in dollars and euros. USDT now looks very good as a replacement for the traditional fiat, so Russia can get away from the strengthening of the dollar in the market.

horrifiedx1

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USDT is different from Fiat USD, and this is indeed a pure decentralization, I think paying with USDT is a good solution to buy GAR for European countries, but the problem is whether Putin is pleased to do so, considering that Putin only recommends buying it using a ruble to oppose sanctions filed Western countries, all decisions are in the hands of Putin, because he has gas, and a European country who really needs it

DrBeer

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Quote from: Ozero on April 17, 2022, 06:12:53 AM

Quote from: DrBeer on April 15, 2022, 11:37:41 AM

Putin can wish for anything. But considering that today Putin is essentially an empty place, it will be as written in the contracts! All these "whims of an offended bald girl" - sometimes pay in rubles, sometimes in yuan - this is a consequence of his psychiatric problems

The contracts clearly and unambiguously spell out the form of payment, and transfer mechanisms. If he, a bunker psychopath, wants other conditions, he goes to court, starts the procedure for reviewing the contract, and .. as expected, fuck it

In this regard, everything is correct. The price is an essential condition of any transaction, and the essential conditions cannot be changed unilaterally. Therefore, in the courts, disputes in connection with this, Putin will definitely lose. That is why when the countries of Europe, with some exceptions, did not agree to these conditions, and the plan thus failed, Russia did not stop oil and gas supplies, and the concessions of some countries, like Moldova, were considered a great victory.
However, an oil and gas embargo against Russia has almost been agreed upon. This would be a disaster for Russia.

There is another simple logical nuance here. From the point of view of logic, this is how to tell everyone - we sell oil for cowrie shells! Like cool? Cool. But it turns out - it does not solve anything. The economy of "Great Russia" is a little more than completely dependent on Western technologies, goods, and services. And you can buy these services either for euros or dollars. But not for rubles, yusdt, cowrie shells, beads ... That is, you can buy what you need only through the conversion of an intermediate "quasi-currency" into real currency. On this show, the "great dictator" turns into a cheap comedy

But the embargo - it will be another event, we are looking forward to it !!!!

Ozero

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Quote from: DrBeer on April 15, 2022, 11:37:41 AM

Putin can wish for anything. But considering that today Putin is essentially an empty place, it will be as written in the contracts! All these "whims of an offended bald girl" - sometimes pay in rubles, sometimes in yuan - this is a consequence of his psychiatric problems

The contracts clearly and unambiguously spell out the form of payment, and transfer mechanisms. If he, a bunker psychopath, wants other conditions, he goes to court, starts the procedure for reviewing the contract, and .. as expected, fuck it

In this regard, everything is correct. The price is an essential condition of any transaction, and the essential conditions cannot be changed unilaterally. Therefore, in the courts, disputes in connection with this, Putin will definitely lose. That is why when the countries of Europe, with some exceptions, did not agree to these conditions, and the plan thus failed, Russia did not stop oil and gas supplies, and the concessions of some countries, like Moldova, were considered a great victory.
However, an oil and gas embargo against Russia has almost been agreed upon. This would be a disaster for Russia.

adzino

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Quote from: 325btc on April 15, 2022, 10:53:35 AM

Paying for gaz with usdt or usdc for russian gas could be the neutral option instead of using btc becouse putim dont dont have that good exchanger to exchange that large ammount of money to rubles or btc unstable big volatility not option but usdt or usdc has good volatility also you dont need to exvhange this usdt usdc are stable so it could be used very for large transactions.
Also western countries can buy easy the stable coins a lot of liquity so its a most logical and sustaineble way.

You post makes no sense. Why would they have to exchange their BTC to rubles when trading gas? They could just sell and accept BTC. Send those BTC somewhere else. Cash if for some other currency.
And no, they are not stupid enough to use USDT. As far as i know USDT is somewhat centralized and your wallets can be frozen. So I doubt the Russian government would want to touch USDT.

so98nn

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It won’t help. They still have to use ruble because if they start using USDT then they will need every citizen to posses this coin. Once they do it there won’t be much of track where the money is going and coming from Once it’s in crypto space. Big businesses which are being forced to stay by Putin as after the sanctions they were pulling out of Russia will have an opportunity to launder their money by such small way outs. Russia will be more broken after this. Already many citizens of Russia are against Putin, if he makes move like this from currency to currency then Russia is screwed for sure.

barbara44

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Wait, did Putin change his mind again when it comes to currencies? Before, btc then ruble and then this, stable coins. There are many exchanges available online and most of them are good enough and I don't think they restrict Russian users including Putin so it's still possible for them to trade their btc there if ever they will use btc but keeping some stable coins is not a bad idea.

Good volatility means, its price can go up and down more often but stable coins are supposed to be stable so no volatility is going to be felt with them. They won't hold stable coins forever but time will come that they will convert it and they will still use an exchange to be able to do that.

Topic: Paying for russian gas usdt or usdc (Read 236 times)