Russian Payments System Started Accepting Bitcoins

Russia-based payments system OOOPay has added an option of accepting and withdrawing Bitcoin for users.

Sergei Kravtsov, executive director of the company, says Bitcoin withdrawal is presently available via mass payments. A user may personally set up the option in the personal account. The withdrawal is also available by means of currency exchange.

“Blockchain technology is very perspective for financial sector. It’s one of the most discussed topics in payments industry. Yes, there’s still some ambiguity concerning the status of the technology, but the process has been launched anyway. We decided to work proactively in this area. Our operations fully comply with legal requirements,” Kravtsov said.

OOOPay is a payments system providing over a hundred of e-payment methods.

Notably, exchange rates for Bitcoin are far from being user-friendly. Thus, depositing 1 BTC to the account would be worth $379.44, with average exchange rate on the market being around $409 at the time of writing.

Subscribe to our Newsletter

Similar Content

• Russia: Income Tax for Miners and Cryptocurrency Owners Still in Sight
• Alleged BTC-e Operator Alexander Vinnik to be Extradited to France, Greek Court Rules
• U.S. DoJ Charges 12 Russian Officials with Bitcoin-Funded Elections ‘Interference’
• Cryptocurrencies Pose No Risk to Stability, Russian Analytics Say
• St. Petersburg Court Overturns Previous Decision to Block Bitcoin-Related Site
• Russian Crypto Criminal Admits Money Laundering and Fraud
• Russian Digital Law Bill Will Not Legalize Cryptocurrencies
• Russian Government to Control Bitcoin to Fiat Exchange Operations