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Author Topic: [2015-12-25] PrivatBank: Blockchain is Great, but We Put Our Stake on Bitcoin  (Read 250 times)
LiteCoinGuy (OP)
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December 25, 2015, 03:07:21 PM
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PrivatBank: Blockchain is Great, but We Put Our Stake on Bitcoin

Dmitri Donets, deputy chairman of e-business center at PrivatBank presented an extended speech on the bank’s cryptocurrency-related intents at Blockchain Conference Kyiv.

Last week PrivatBank became the first Ukrainian bank to integrate bitcoin as a settlement tool. As of December 14, it has been available to several customers of the bank, while as of December 20 any entrepreneur has had an option of accepting bitcoins for goods and services.

http://forklog.net/privatbank-blockchain-is-great-but-we-put-our-stake-on-bitcoin/



the next phase: "Blockchain is Great, but We Put Our Stake on Bitcoin" Grin

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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December 25, 2015, 05:32:54 PM
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I think the effort of PrivateBank will put it in the forefront of bitcoin payment processor. Their work will be useful for the adoption of bitcoin in Eastern Europe.
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