Russia’s Rosneft Could Accept Cryptocurrencies As A Means Of Payment

Igor Sechin, the head of the Russian oil conglomerate Rosneft, has hinted that his company might start to pay for oil using cryptocurrencies. Sechin mentioned that there is an increasing global awareness and acceptance of crypto and many Silicon Valley Giants have begun to explore their applications in the energy industry.

Speaking at the St. Petersburg International Economic Forum, he additionally commented that Facebook’s stable coin had the potential of acting as an oil trading crypto. He, however, noted that most digital assets still had substantial developmental issues ahead of them and hurdles that they need overcome if they are to onboard energy giants.

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