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TEXXR

Chronicles

The story behind the story

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Russian cryptocurrency payment network A7 expands to Africa, as Moscow builds an alternative payments system amid western sanctions after its Ukraine invasion

Videos show A7 office in Nigeria, while company also claims new branch in Zimbabwe  —  A recent vacancy posted …

Financial Times

Context & Ripple Effects

A7’s reported Nigeria presence and claimed Zimbabwe branch extend a sanctions-era payments strategy beyond Russia’s earlier domestic experimentation. Russian companies had already begun using digital currencies for international payments, while a planned cross-border crypto-payments trial had drawn doubts about whether such tools could materially offset sanctions.

The expansion lands as European policymakers consider restrictions on crypto transactions involving Russia to curb sanctions circumvention. It also enters markets where crypto adoption has been accelerating, making local access and counterparties strategically relevant to a network seeking cross-border reach.

First-order effects

  • A7 gains a reported operational foothold in Nigeria and a claimed presence in Zimbabwe, potentially giving Russian-linked users additional local points of access for crypto-based cross-border payments.
  • African businesses and payment intermediaries that engage with the network face more immediate compliance and counterparty-screening exposure as Russia’s alternative-payment infrastructure reaches their markets.

Second-order effects

  • Sanctions enforcers and regulated exchanges may shift attention from Russian-origin transactions alone to the African on- and off-ramps, wallets, and counterparties that could connect to A7.
  • The move raises the value of compliant payment routes and stronger transaction-monitoring controls for regional providers, while making crypto’s cross-border utility harder to separate from sanctions-evasion risk.

Third-order effects

  • If such networks establish durable local liquidity and merchant connections, sanctions policy will increasingly have to target payment-network infrastructure and intermediaries, not merely named Russian entities.
  • The broader outcome may be a more fragmented cross-border payments landscape: crypto rails can widen access in underserved markets, but their legitimacy will depend on whether compliance controls keep pace with their use in geopolitical workarounds.

The trend: This is one data point in the push to build crypto-enabled cross-border payment rails outside traditional Western-controlled channels, alongside an intensifying contest over their regulation and legitimacy.

Discussion

  • @marguerite00 M. Hela Fella on bluesky
    🇷🇺 needs to be broken up into small parts, ineffective, toothless & controlled by the native people in the area that 🇷🇺 attacked & subsumed into USSR/🇷🇺.