[2016-05-20] Payments Giant Qiwi is Building a Blockchain Replacement for...

[trinaldao]

Payments Giant Qiwi is Building a Blockchain Replacement for its Core Database
Russian payments firm Qiwi is currently designing its own proprietary blockchain in an effort to replace its central payments processing database.

Called the "Qiwi blockchain system", the company’s development effort focuses on how its core database of customer transactions could be reimagined to reduce costs.

Qiwi is one of the largest payment service providers in the Commonwealth of Independent States (CIS) region, with more than 16.1 million digital wallet users and 62 million transacting customers per month.

http://www.coindesk.com/qiwi-replace-payments-processor-blockchain/

[LiteCoinGuy]

always make sure you build your own blockchain as a company 

[Redrose]

Why wouldn't they use an existing blockhain ? They could buy some XMR or LTC, and make a lot of profits because the value would skyrocket. They should put they efforts in building a platform around of thoses crypto-currencies.