#Fintech

The ZODIAQ project, which is creating a universal financial blockchain corporation, received a banking license of category B from the Comoros Offshore Finance Authority for offshore operations.

Russian payments service provider QIWI has purchased fintech accelerator InspiRUSSIA which mostly focuses on developing blockchain-based solutions. As reported by TASS, the amount of the deal remains undisclosed.

According to recent researches by Facebook and MasterCard, majority of young people don’t trust traditional banks, favoring new fintech services instead.

The Bank of Russia partnered with ten biggest national banks to create ‘Fintech’, a consortium to implement financial innovations and trial blockchain technology.

Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.

The first accelerator to seek startups focusing on banking and financial technologies was recently launched in Russia with selection criteria for the candidate projects including application of blockchain in depositing and settlements.

National Bank of Ukraine (NBU) is interested in further development of high-tech financial market in Ukraine as it will positively influence implementation of the Cashless Economy project.

Financial conglomerate Credit Suisse has published the report on possible impact of blockchain, once it’s implemented across diverse economy sectors. The report was prepared by thirty-one expert from different countries.