Qiwi plans to create Bitcoin analogue for the Russian market

The Qiwi payment system is currently engaged in the development of bitruble - cryptocurrency, the principle of operation of which will be similar to Bitcoin. Such a system will be designed for the Russian market, as reported by the company's general director and co-owner Sergey Solonin, writes VC. To launch the national cryptocurrency, the company will need several hundred million ordinary rubles, and the bitrubley will start working in 2016.

Representatives of the company held several meetings with the leadership of the Central Bank, to obtain permission to launch cryptocurrency. “In addition, we sent a letter describing this project to security agencies,” added Sergey Solonin.

Representatives of the Central Bank noted that the regulator is now exploring the issue of the possibility of using cryptocurrency for conducting dubious operations in Russia.
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In the bitruble system, some elements of the blockchain technology and bitshares, which are actively used for Bitcoin, will be used. According to Solonin, the use of such elements can significantly reduce the cost of existing processing services.

Earlier, the Central Bank criticized the Botcoin system, calling the cryptocurrency a money surrogate. In this case, the regulator did not prohibit the operation of such a system.