Qiwi: Bitcoin Technology is 'Beyond' Russia's Proposed Ban
New details have emerged about Russian payments giant Qiwi's plans to issue its own cryptocurrency. Russian-language bitcoin news site ForkLog spoke with Qiwi communications director Konstantin Koltsov and Alexei Arkhipov, who is overseeing the project, about the "bitruble", which made waves in Russian media circles last month after the firm announced its intentions. Russian government officials like financial ombudsman Pavel Medvedev later denounced the plan, but the company has moved ahead, filing for relevant trademarks and floating the notion of backing the currency with commodities.....
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While the number of major global banks announcing blockchain tech trials continues to escalate, Russian payments startup Qiwi remains a rarity in its home country of Russia. The payment service announced last September it had built a proprietary digital currency called the ‘BitRuble’, a project that received widespread interest due to the negative climate for the technology in Russia. There, the country’s legislative assembly has been working for over a year on a law that would outlaw some uses of bitcoin. In a new interview, however, Qiwi indicated that it is still seeking to move forward....
Russia is not warming up to Bitcoin just yet, although the Russian Central bank wants to start experimenting with blockchain technology. During a recent conference, it became apparent a Russian R3CEV may be formed by QIWI to study and develop distributed ledgers. The situation regarding cryptocurrency in Russia is dicey at best, considering there is a....
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....
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....
Despite Russian banks being unfriendly towards bitcoin, Qiwi is planning to develop its own Cryptocurrency. The Qiwi Wallet is a Russian electronic payment system and credit card processor, launched at the end of 2007. The system allows customers to quickly and conveniently make online purchases, online payments, and much more. The Payment services provider Qiwi PLC (NASDAQ: QIWI) is currently one of the most popular Russian online payment Services providers. The company announced it was planning to issue its own digital currency and start using the blockchain technology. The company....