Fintech

New report highlights latest global e-commerce and e-payment trends

November 2, 2017

The Paypers, an international industry resource, has just released the 8th edition of its “Online Payments and Ecommerce Market Guide,” addressing the most important trends in the global market. In today’s e-commerce and payment market, both merchants and PSPs need more balance between security and convenience for consumers, as well as implementation of omnichannel payments and …

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MegaFon and Raiffeisenbank complete first Blockchain bond placement in Russia

October 31, 2017

Earlier this month MegaFon, a major Russian mobile operator, announced the completion of a 500 million ruble (around $8.6 million) bond issue with Blockchain settlement. The entire issue was purchased by Raiffeisenbank. The system, which was developed in the course of this year, is intended for bond placement and circulation of digitized assets, making accounting …

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Putin sets deadline to legalize ICOs and cryptocurrencies in Russia

October 26, 2017

The Russian authorities’ position about ICOs and cryptocurrencies, which has been subject to wide uncertainty and contradictory signals so far, should be clarified at last, according to President Putin’s decision to develop a legislative framework by July 1, 2018. Following a meeting on October 10 with Finance minister Anton Siluanov, Bank of Russia Head Elvira …

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Russian and international funds team up to support “the ultimate personalization engine for banks”

October 23, 2017

Last week DataSine, a Russian-co-founded startup based in London,  announced that it secured €1 million for its business expansion. The pool of investors included Sistema VC, the venture arm of the Russian conglomerate Sistema, Force Over Mass, a London-based venture fund, and C.Entrepreneurs, a joint venture of Cathay Innovation and BNP Paribas Cardif. DataSine’s proprietary …

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Sberbank joins Enterprise Ethereum Alliance

October 19, 2017

Earlier this week Sberbank, Russia’s national savings bank, announced its participation in the non-commercial alliance Enterprise Ethereum Alliance (EEA). The bank is the first Russian bank to become a member of the alliance. EEA was established in February 2017 to “connect Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts.”  Some …

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Russia aims to launch cryptocurrency ersatz

October 26, 2017

Last week, following a period of mixed signals from the authorities about cryptocurrencies, the Russian communications minister Nikolay Nikiforov said that President Vladimir Putin has officially endorsed a Russian cryptocurrency, the ‘CryptoRuble.’ “We’re launching CryptoRubles for one simple reason: if we do not, then after two months it will be done by our neighbors in …

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How bitcoins are mined in Moscow kitchens

October 12, 2017

Dmitry Gutov’s Moscow kitchen is home to an automated mining operation. Not for gold and industrial metals like many of his country’s exporters, but for bitcoin-like cryptocurrencies such as Ethereum’s ether. Since installing a DIY system assembled from multiple computer graphics processors in April, Gutov has earned $3,000 of virtual currency and paid off the …

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Putin backs cryptocurrency rules and warns of “serious risks”

October 11, 2017

President Vladimir Putin called for regulation of cryptocurrencies but stopped short of backing a broad ban as a debate rages over how Russia should handle the increasingly popular financial instruments, Bloomberg reported today. “The use of cryptocurrencies bears serious risks,” including money laundering, tax evasion and funding for terrorism, the news agency quoted Putin as saying …

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Russian Miner Coin raises $43 million in ICO to challenge China in bitcoin mining

November 22, 2017

In late September Russian Miner Coin (RMC) raised the equivalent of $43 million through an ICO to create a “next-gen ecosystem for miners and investors,” challenging China in this field. This impressive amount set a new record in the Eastern European ICO scene; however, it is well below the company’s initial $100 million target. Asked about the consequences …

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This app lets you buy more than 200 cryptocurrencies with a bank card

October 6, 2017

Cryptocurrencies aficionados have a variety of options to buy, store and sell their digital assets – but such operations become complicated when dealing with several currencies. There is now an app to address this issue. It has just been launched by Indacoin, a UK-based company backed by Russian business angels Stanislav Kosorukov, Sergey Merkukov and Alexey …

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Cryptocurrency ATMs spring up in Siberia

September 22, 2017

BBFpro, a Novosibirsk, Russia-based bitcoin selling company, has installed ten cryptocurrency ATMs in the city, as reported earlier this month by the Russian media based on company statements. To create the new terminals, the company has rewired traditional ATMs. These have been installed in beverage shops, where the rent is twice lower than in shopping …

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Burger King Russia launches “Whoppercoin,” accepts crypto as payment method

October 3, 2017

Burger King Russia has just launched Whoppercoin, a cryptocurrency which can be traded for Whoppers.  For each ruble spent at Burger King locations in Russia, diners will get a quantity of Whoppercoin sent to their digital wallet via Waves, a Russian-based Blockchain platform. “Now a Whopper is not only a burger that people in 90 different …

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