Published on September 16th, 2015 | by bitcoin0
Qiwi Announces BitRuble A Premier Russian Cryptocurrency
Russian payment service provider Qiwi has reportedly invested “several hundred million rubles” to develop the first cryptocurrency designed for the Russian market.
Qiwi’s General Director Sergey Solonin stated:
“This project will be discussed with the Central Bank of Russia in the coming days once again.
“This is why without it is impossible to launch the cryptocurrency in Russia without the regulator’s approval,” he added.
Will others follow?
Qiwi’s Russian competitor Yandex.Money doesn’t see the possibility of working with cryptocurrency, however, according to company representative Nadezhda Kiyatkina.
The Head PayPal’s Russian branch Vladimir Malugin stated that blockchain and “bitshares” technology might have a lot of potential for the fintech market.