A7 to unveil a service that will re-invent the international payments market
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.
Key claims & sources
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
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.
Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 29 days ago | Decrypt Money Accounts on Solana to Power The Information Exchange event | 1 actors in common · 3 news media |
| 29 days ago | Polkadot Launches DOT DAO-Governed Native Stablecoin dotUSD event | 1 actors in common · 5 news media |
| 29 days ago | The crypto casino Vavada has rolled out a major redesign and expanded features for crypto players event | 1 actors in common · 2 news media |
| 30 days ago | Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling event | 1 actors in common · 7 news media |
| 30 days ago | South Africa’s FNB Is Rethinking How Banks Offer Crypto event | 1 actors in common · 2 news media |