Boris Titov, the Russian Presidential Envoy for Entrepreneurs’ Rights, says crypto has become the most reliable tool for cross-border payments. According to Titov, Russia already has a crypto-based platform for these transactions up and running. The system has proven effective for settling trades with Asian partners, even under heavy sanctions.

What Boris Titov Said

Titov described crypto as the most reliable channel for international settlements given the current climate. He highlighted that Russia’s crypto payment platform has already shown real results when working with Asian counterparties, despite all the restrictions in place.

Current Status and Use Cases

Titov’s position is clear: crypto rails now make it possible to send cross-border payments and keep trade flowing with Asian partners. He specifically pointed out that these kinds of transactions have held up well in the face of sanctions.

Looking Ahead: The 2–3 Year Horizon

Titov believes this approach will stay relevant for the next 2–3 years, as long as the geopolitical situation doesn’t shift dramatically.