Russian Payments Firm QIWI Joins R3 Blockchain Consortium
Russian payments firm QIWI has joined the R3 blockchain consortium. Announced earlier this week, the move is the latest for the firm that made waves earlier this year when it announced its plans to pursue the creation of a digital currency. QIWI has since outlined how it plans to potentially replace aspects of its core infrastructure using the technology, a process that it said could play out over the next five years. In statements, the company expressed hope that some of the in-house projects it has developed can be applied to some of work being conducted among R3's global banking....
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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....
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....
One of Russia's largest financial institutions is in discussions to join a domestic bank consortium that would study blockchain technology. Announced in April, the consortium effort is being led by Russian payments firm Qiwi and international consulting firm Accenture. Banks said to be participating in the initiative, according to government news source TASS, include B&N Bank, MDM Bank, Bank of Khanty-Mansiysk and Tinkoff Bank. President of Sberbank German Gref remarked late last week that talks about the consortium remain in early stages. Gref said: "We are now discussing this....
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....