Payment Operator Qiwi to Create Russian Blockchain Consortium in the Manner of R3
Recognizing the potential for development of Blockchain technology in the country, Russian payment operator Qiwi is seeking to establish a consortium of banks similar to the New York-based R3. CoinTelegraph spoke to Konstantin Koltsov, Corporate Relations Director at Qiwi, to learn more about the initiative of the company, which believes “that in 5 years from now on we will have totally different types of payments because of Blockchain”. A hot topic. Digital currencies and Blockchain technology remain quite controversial topics in Russia, spurring heated debates among opponents and....
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According to a report, Russian payment platform Qiwi will create a blockchain consortium which will see Russia’s biggest banks at its members. In a move reminiscent of the private banking blockchain consortium led by New York-based R3, Russian payment operator Qiwi is reportedly looking to create a consortium for banks in the country. Qiwi intends to develop standards for the application of distributed ledger technology among banks, according to a report from Russian publication Izvestia. The Russian startup has sent invitations to Russia’s biggest banks including BIN Bank, Alfa Bank, and....
Having a partner with close ties to national regulators and policymakers will be beneficial to the R3 consortium. The R3 blockchain consortium continues to welcome new members all year long. In a rather surprising turn of events, Russian payment provider QIWI joined the team. This is somewhat strange, as it appeared the company was in talks with the Russian government to develop new blockchain solutions. R3 and QiWI will elaborate on design and possible application of distributed ledgers. A partnership between Russia’s primary payment provider and the R3 blockchain consortium is an....
Russian banks and financial services firms have come together to form the country’s first financial blockchain consortium, a coalition that will seek to explore and implement blockchain solutions in the banking and financial services industries. Announced at the beginning of the month, Russia’s first ever blockchain consortium will see various prominent banks and notable financial and professional services firm Accenture, come together to form a private-sector coalition. Initial whispers of the establishment of a blockchain consortium in Russia arose in early June 2016, with Russian....
Russian payments provider Qiwi has revealed it wants to launch a domestic blockchain consortium it compared to the 44-member banking consortium R3CEV. In statements today, Qiwi CTO Alexei Arkhipov expanded on his company’s work with blockchain tech, reiterating how the company has developed its own prototypes for payments processing. Originally nicknamed ‘BitRuble’, the project caused concern among local regulators, who have been moving to formally ban the use of blockchain-based digital currencies. Arkhipov, however, said that sentiment regarding the technology is now changing, and that....
The Russian banking industry has announced the plans for creating a consortium of institutions to explore blockchain technology. The relation between Bitcoin and Russian authorities can be described as turbulent at best. While the Government, as well as the Central Bank of Russia, are not open to the use of Bitcoin or any other currency in their territory, they have a different outlook towards the underlying technology of bitcoin. The recent announcement by a group of Russian financial institutions to create a consortium to work on Blockchain technology is a standing proof of that. The....