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Saturday, October 7, 2017

Crypto News: Russia’s Central Bank Pushes for National Cryptocurrency

Russia’s Central Bank Pushes for National Cryptocurrency

According to Deputy Governor of the Central Bank of the Russian Federation, Olga Skorobogatova, the bank sees many benefits of a national cryptocurrency, Tassreported on Thursday.

At a press conference for the Finopolis Forum of Innovative Financial Technologies, she told reporters that “the creation of a national cryptocurrency stimulates the growth of non-cash payments and electronic payments, including, possibly, cross-border payments,” the publication wrote.

Claiming that it would solve the issue of avoiding cash, she added:

"It is becoming more convenient for all users to pay for goods and services through electronic wallets, and the digital currency can play the role of a catalyst for using it for payments in a broader sense."

Full story at

Source: Bitcoin News

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