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A7 to unveil a service that will re-invent the international payments market

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A7 is set to present A7 International on 13 October in Moscow. The service is described as allowing payment of a foreign counterparty’s invoice in USDT, with the receiving side getting funds through a standard SWIFT bank transfer in the needed currency.

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Key claims & sources

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A7 is set to present A7 International on 13 October in Moscow.
A7 to unveil a service that will re-invent the international payments market
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A7 International is described as enabling payment of a foreign counterparty’s invoice in USDT.
A7 to unveil a service that will re-invent the international payments market
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The funds are described as arriving via a standard SWIFT bank transfer in the required currency.
A7 to unveil a service that will re-invent the international payments market
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The service is tied to the Russian international settlement system A7, which was created by Bank PSB.
A7 to unveil a service that will re-invent the international payments market

What it means

Users and companies that move money across borders are the main audience for this launch, because the service is presented as a way to pay a foreign counterparty’s invoice in USDT while the receiving side gets a SWIFT transfer in the required currency. The sector notices a product that sits between a token payment and a conventional bank transfer, and the announcement date is 13 October in Moscow.

Compared with a plain SWIFT payment, the described setup adds a USDT leg before the funds arrive as a bank transfer in the needed currency. What remains in place is the SWIFT transfer itself, so the new element is the payment method at the invoice stage rather than the banking rail at the end.

Market reaction i

TetherUSDT the event is about this asset

Tether barely moved in the 4 hours after the first headline, after a flat 2 hours before.

$0.9992 price at the headline
0.0% 2 h before
0.0% 4 h after
0.0% 12 h after
First headline

48 prices, one every 30 minutes

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 12 15:49
+1 h 32 m
Oct 12 17:21
CP CryptoPotato echo
No new facts: release, press
+1 h 56 m
Oct 12 17:45
+2 h 4 m
Oct 12 17:53
ZyCrypto echo
No new facts: processes, reinvent, enables

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