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Author Topic: BREAKING NEWS: Russia Adopting Bitcoin. Price Explosion Imminent!!  (Read 2552 times)
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May 29, 2017, 09:37:31 PM
 #1

Just hearing in the wires that Russians largest payment processor will be accepting BTC payments imminently. It's already been coded. Go live within days.

Updates to follow...


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May 29, 2017, 09:43:47 PM
 #2

https://www.cryptocoinsnews.com/exclusive-chronopay-looks-kickstart-bitcoin-adoption-russia/

There's a reference.

Having said that Russia has wavered so many times I won't believe it until Putin wears a Trezor like a medallion.

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May 29, 2017, 09:47:52 PM
 #3

Chronopay?

Nice but hardly a market moving news break.
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May 29, 2017, 09:59:44 PM
 #4

Russia?
No.

A payment processor from Russia and not even on of the top 3.
And to make things worse,  ChronoPay is probable the worst of them.

And it's founder and owner ...
https://en.wikipedia.org/wiki/Pavel_Vrublevsky

Bitcoin doesn't need this kind of hype anymore.
It's not 2013 to cheer every time a shop accepts bitcoin.

I'll open another beer if I see Putin taking payments for the s400 in bitcoins.



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May 29, 2017, 10:03:42 PM
 #5

A country doesn't "adopt" Bitcoin until a large number of people begin using it, regularly, as an alternative to fiat currency.

Allowing something to exist does not encourage it, and a few merchants accepting it in addition to fiat does not indicate adoption at all.

Any price rises which happen from this would just be empty speculation, not based on actual users.

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May 29, 2017, 10:35:42 PM
 #6

I don't think that one company's decision can make a big difference to Bitcoin. Let say they do really accepted Bitcoin in their payment processors the question is will the people be using it as an option? Let us go back to what drives Bitcoin, and its  the demand of it if people are started using Bitcoin as a 2nd kind of currency in Russia then you are right.

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May 29, 2017, 11:10:14 PM
 #7

Yes, Russia is considering legal recognition with Bitcoin as a financial instrument, possibly by 2018. The government initially proposed strict penalties for using or creating The digital money, but then they changed their minds, officials abandoned a more punitive approach after Moiseev personally pointed out that Russia could recognize Bitcoin as a form of foreign currency. They may also want to recognize Bitcoin to control the entire transactions

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May 29, 2017, 11:21:07 PM
 #8

Lets see what will happen to the bitcoin economy, but its a good thing to know that many investors and countries open their doors for bitcoin. Meaning bitcoin is healthy economy for all.

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May 30, 2017, 12:32:42 AM
 #9

Lets see what will happen to the bitcoin economy, but its a good thing to know that many investors and countries open their doors for bitcoin. Meaning bitcoin is healthy economy for all.

This seems a great movement from the Russians, If they are implement the bitcoin as a payment processor of their own. It would be next big snow on bitcoin, you no need to worry about BTC economy. Price will be take to flight and it may 3000$ after some days or a month.
Just buy for yours as much you can now itself.


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May 30, 2017, 12:38:53 AM
 #10

No, at the moment Russia isn’t adopting Bitcoin, it is legalizing the use of Bitcoin. For a while Russia had banned the use of Bitcoin, but recently has said it would lift the ban and allow people to use it. While this can’t hurt Bitcoin it can’t really help either unless a large amount of people start using it because of the ban repeal.

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May 30, 2017, 12:39:32 AM
 #11

Quote
“It’s already enabled,” Vrublevsky tells CCN when asked when the company plans begin supporting bitcoin payments on its gateway.


There is no BTC as "elecronic currencies".
https://chronopay.com/ru/services/

Listed only Webmoney and QIWI.

Nothing about BTC on the site.

https://chronopay.com/ru/search/ Результаты поиска "биткоин" (0)

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May 30, 2017, 03:20:52 AM
 #12

Yes, Russia is considering legal recognition with Bitcoin as a financial instrument, possibly by 2018. The government initially proposed strict penalties for using or creating The digital money, but then they changed their minds, officials abandoned a more punitive approach after Moiseev personally pointed out that Russia could recognize Bitcoin as a form of foreign currency. They may also want to recognize Bitcoin to control the entire transactions

Though this is a sort of legalizing with some certain controls and regulations, this is indeed better than totally banning Bitcoin from use in Russia. I am sure that finance managers already look at the situation and finally realized that they can miss a big boat here for opportunities. They must have learned that Japan has already done it can is poised to reap the benefits that Bitcoin can bring to a country if properly managed. This can soon be another cap on Bitcoin shoulder and can help push the currency to new heights.

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May 30, 2017, 03:51:44 AM
 #13

Russia had its effect on the bitcoin price when they finally said they are thinking about legalizing bitcoin after many years. the news like this is not going to change much about price, maybe a little nudge but nothing major. but these types of things will help bitcoin in the long run. a payment processor accepting bitcoin will attract more users by introducing bitcoin to them and that is the long term adoption.

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May 30, 2017, 04:02:29 AM
 #14

https://www.cryptocoinsnews.com/exclusive-chronopay-looks-kickstart-bitcoin-adoption-russia/

There's a reference.

Having said that Russia has wavered so many times I won't believe it until Putin wears a Trezor like a medallion.


Bwa ha, but IMO likely a lot of truth there.  But, Putin will not wear a plastic Trezor.  Gold or platinum, perhaps.  Or if Patek Phillippe would make a hardware device.

BTC is a tad too decentralized for typical Russian governments that like control.  Yeah, sure, I would like to see a major player like Russia get into Bitcoin in a big way.  That would add maybe another $500 to the price, smile,,,  But, as they used to say when I lived in Texas:

"Hold your breath, you'll die."

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May 30, 2017, 04:55:42 AM
 #15

i believe it is a bit too soon for a "price explosion" because we just had the biggest rise and now price is calm and we are experiencing the after correction accumulation phase.
if this news came out a week or two earlier that would have made a big impact.



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Dimelord
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May 30, 2017, 05:10:46 AM
 #16

Yes, Russia is considering legal recognition with Bitcoin as a financial instrument, possibly by 2018. The government initially proposed strict penalties for using or creating The digital money, but then they changed their minds, officials abandoned a more punitive approach after Moiseev personally pointed out that Russia could recognize Bitcoin as a form of foreign currency. They may also want to recognize Bitcoin to control the entire transactions
If its true,then that would be a great news.Russia being the second super power would definitely help bitcoin price to raise by adopting bitcoin.Hope the same strategy would be taken by indian government too without trying to ban bitcoin.Russia is a communist country which doesnot allows new inventions easily.But since it has decided to accept bitcoin payments,thats a big success for bitcoin.
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May 30, 2017, 05:13:34 AM
 #17

It is a rapidly spreading phenomenon, and although we all saw it coming, I am still shocked at the way bitcoin is being adopted world wide.  WoW!



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May 30, 2017, 05:17:27 AM
 #18

A country doesn't "adopt" Bitcoin until a large number of people begin using it, regularly, as an alternative to fiat currency.

Allowing something to exist does not encourage it, and a few merchants accepting it in addition to fiat does not indicate adoption at all.

Any price rises which happen from this would just be empty speculation, not based on actual users.

I do not agree with you. If some of your bigger payment processors show enough confidence to publicly announce that they are going to accept Bitcoin as a payment option, then the smaller merchant will follow. We normally see the smaller merchants taking the lead with something new, but this is a significant move from the bigger players. ^smile^

The same thing happened in Japan, and the wheel started to turn.

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May 30, 2017, 05:24:10 AM
 #19

A country doesn't "adopt" Bitcoin until a large number of people begin using it, regularly, as an alternative to fiat currency.

Allowing something to exist does not encourage it, and a few merchants accepting it in addition to fiat does not indicate adoption at all.

Any price rises which happen from this would just be empty speculation, not based on actual users.

I do not agree with you. If some of your bigger payment processors show enough confidence to publicly announce that they are going to accept Bitcoin as a payment option, then the smaller merchant will follow. We normally see the smaller merchants taking the lead with something new, but this is a significant move from the bigger players. ^smile^

The same thing happened in Japan, and the wheel started to turn.

i don't know how big is this chronopay but unless this thing is big like paypal, it won't do much for the adoption, but it's nice to have beginning there in russia, if other small payment processor will follow you can have something

but until russia regulate directly and view bitcoin as a currency like japan, it won't increase the usage  too much in their country
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May 30, 2017, 05:29:44 AM
 #20

Russia?
No.

A payment processor from Russia and not even on of the top 3.
And to make things worse,  ChronoPay is probable the worst of them.

And it's founder and owner ...
https://en.wikipedia.org/wiki/Pavel_Vrublevsky

Bitcoin doesn't need this kind of hype anymore.
It's not 2013 to cheer every time a shop accepts bitcoin.

I'll open another beer if I see Putin taking payments for the s400 in bitcoins.




True but how can we cut the hype that a btc fun is feeling? If you think that the current price is enough then you have to think on the same way that most of this fans are thinking because we are still hoping for it
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