Russia to issue ‘CryptoRuble’

According to the Russian President Vladimir Putin, Russia will issue its own ‘CryptoRuble’
16 October 2017   1298

The local news resources claim that that Russian President, Vladimir Putin, has decided to launch the state cryptocurrency - CryptoRuble. In fact, the news broke through Minister of Communications Nikolay Nikiforov. The man argues that the authorities plan to launch its own currency just for one simple reason.

I confidently declare that we run CryptoRuble for one simple reason: if we do not, then after 2 months our neighbors in the EurAsEC will.
 

Nikolay Nikiforov
Minister of Communications

Nikiforov highlights the main characteristics of the CryptoRuble:

  • it is to be created using Russian cryptography
  • it is not to be mined
  • the issue is to be regulated by the state
  • the blockchain is to be closed

It is worth mentioning, that the news was made against the reports from China, where the authorities are also discussing the creation of a national cryptocurrency

What the future has in stock for CryptoRuble, remains to be seen. With completely opposite news about Russia's attitude to cryptocurrency, that will be quite intriguing. 

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.