The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been working with them to facilitate payments by Russian tourists visiting the country.President of Turkey Recep Tayyip Erdoğan has instructed ministers to develop a payment system with Russia to serve as an alternative to the Russian banking system Mir. According to the A Haber TV channel, Turkish and Russian officials have already held talks on this matter.
The move follows a statement from Washington that the United States would try to persuade Turkey to limit support for Mir. Its cards are one of the few remaining options for Russians vacationing in Turkey as Western sanctions have cut them off from major globalQuoted by the Russian business daily Kommersant, A Haber revealed that that the relevant Turkish and Russian government departments are now negotiating while President Erdogan himself will also participate in discussions on the topic.
In mid-September, the administration in Washington indicated it may impose sanctions on nations conducting transactions with Mir. Two of the five Turkish lenders that had been working with the Russian payment system, Isbank and Denizbank, suspended operations with it. The state-owned Halkbank, Vakifbank, and Ziraat are still using it.
Later, the U.S. Treasury expressed readiness to convince the Turkish government of the need to reduce the use of Mir. Last week, American authorities expanded the sanctions imposed over Russia’s invasion of Ukraine to include the chief executive of the Central Bank of Russia’s National Card Payment System , Mir’s operator.
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How about Bitcoin? ETHW? USTC?
Don't think it will be working for long time, gonna get banned as Mir
Smart man!
Seems like Tether would be a good solution.
on the basis of avax
They would better use a blockchains and cryptos in payment between different countries.
Erdogan is really desperate if he's willing to cooperate with the failure of the Russian banking system.
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USDT would be nice I think.
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Crypto sounds like a pretty good solution. Namely USDT.
I guess USDT would be great for that. I mean Turkey already uses USDT
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Another decision to lower usd power, good
Wow
down with erdogan and facist turkey
Erdogan and Putin becoming big buddies, worrying.
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