Russian Crypto Firm Qiwi is Working on a Blockchain Energy Project in Crimea
Qiwi, a Russian payment system operator and one of the country’s most active cryptocurrency players, will launch a test to track energy transactions using blockchain technology in partnership with Tavrida Electric, one of the world’s leading suppliers of circuit breakers and a global energy smart grid supplier. Each Tavrida Electric transaction will be recorded on the blockchain, according to Moscow-based Rambler News Service. The transactions will be visible to regulatory agencies and other energy companies on the blockchain. Qiwi said it could extend the project to other energy....
Related News
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....
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.....
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....
A new blockchain-based digital currency called project BitRuble is expected to launch in early 2016 sais Sergey Solonin. 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: Blockchain technology will serve as the basis for the BitRuble. However, the fate of this currency might solely depend on whether Russia’s Central Bank and the government will give the project the green light according to CEO and co-owner of Qiwi, Sergei Solonin.....
Qiwi, a Russian payment system operator, plans to begin issuing a cryptocurrency called "bitrubles" in 2016 and has met opposition from local officials, according to Kommersant, the business daily, and PRIME, a Russian news service. Officials fear the cryptocurrency could fund terrorism and money laundering. Sergei Solonin, CEO of the company, said Qiwi has already started designing the "bitruble" and the project may require several hundred million rubles. Lawyer: Central Bank Must Authorize Currency. Only the central bank is authorized to emit money in the country, according to law firm....