Bitcoin Entering Russia? Chronopay says "Let's do this!"
What would you say about Bitcoin's price if I told you that one of the biggest technological countries with a population of over 143 million and ranks in the world's top 12 countries in Gross Domestic Product was moving toward adopting it as a currency? Well, if ChronoPay, one of Russia's oldest online payment providers, has anything to say about it, this is already in the works. The Company added Bitcoin to its list of currencies which its clients can accept as well as providing Bitcoin wallets for all merchant accounts.
Placing the Bitcoin button next to the other payment types gives end users easy accessibility to utilize the crypto just as easily as any other payment type.
Early critic of the emerging cryptocurrency, ChronoPay founder and chief executive Pavel Vrublevsky is now changing his tune.
“For a long time, I have been extremely skeptical about Bitcoins and blockade, including criticizing these initiatives in public, I hate the Komsomol very much, but having thoroughly studied the subject, I apologize to everyone – I’ve changed my point of view radically. It is a real revolution in the payment industry probably and we will do everything to participate in this movement. The first and simplest step out of our planned steps in this direction is to support payments in Bitcoin,”
Just goes to show that critics of Bitcoin have a tendency to change their tune when they see the dollar signs, or Crypto Signs, and a little more research.
This isn't only for small mom and pop shops getting exposure to the Bitcoin market, but also large multinational corporations.
“We are working with 2 of Russia’s largest telecom companies,” confirmed Vrublevsky, who revealed that the billion dollar corporations were interested in bitcoin.
With CNBC announcing just last month that Japan, which has already passed law and Russia far not behind, we can see a trend which is substantiating the increased market capital and leading me to believe that 2000 is most likely a bottom for Bitcoin regarding their recent pullback:
http://www.cnbc.com/2017/04/12/bitcoin-price-rises-japan-russia-regulation.html
With markets already adopting bitcoin, pressure on the Kremlin to legislate and keep up with financial trends to handle the shift could be the impetus to cause them to move quicker in legislation regarding BTC.
ChronoPay’s vast clientele includes major retail stores including the likes of Holodilnik.ru; Kupivip.ru, Sony.ru and even BMW.ru. Major news organizations like Kommersant, TheMoscowTimes and Interfax are also clients, as are charity organizations like Greenpeace and WWF among others.
The trend is happening now. I truly don't believe that there is a bad price from $2,000.00 to $3,000.00. Buy regularly and HODL!
And it wasnt to long ago where the russian government outlawed it. Government now sees that this stuff it unstoppable! haha
It's funny how the CEOs cowtow their opinions to that of their oppressors. I'm pretty sure the only reason the guy was a critic of bitcoin was because the Kremlin was. When that changes, so does his opinion, ironically. Either way, glad to see both coming around.
Crypto currency has great potential. I would like to steem gaining acceptance in Russia too. That would be a great milestone for Steem
Well, Golos is Russia's version of Steemit as YOYOW will be China's version. So not sure Steem will grow too much in either of those two Countries. China seems to always like their own version of things, culturally.
Russia had currency problem due to Oil price war which was one of major reasons why goverment outlawed it, when currency is under pressure goverments are always afraid that any substential asset that could provide capital flight would be used and further push the crisis, altough in reality it just doesnt work. Goverments try to force capital controls or push out certain assets but in long run it doesnt work, market generall wins.
The pressure on RUB is still somewhat there and the longer the price of Oil remains low the further it will last so there might still be push back to BTC adaptation.
But lets see, if it does happen then for sure that would open new large capital inflows into BTC.
Nice to see the backdoor bitcoin entry into Russia. I think Clif Highs 13k February 2018 prediction could very well be in the cards
I'm hoping so. Looking to retire in 4 years :)
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