Pavel Cherkashin, an angel investor and a partner at Vestor.In Partners, wrote an article for Russia’s most popular business newspaper Vedomosti. There he describes cryptocurrency in general and points out lots of its advantages as compared to the traditional banking system.
Cherkashin stated that, according to expert opinions, at least 10% of the global GDP will be covered by cryptocurrencies.
Describing the traditional banking he wrote:
“Traditional banking system is simply not design to service a global army of independent specialists. A remittance is worth $10 to 20 in average. It makes no sense for a $1 transaction. Transaction fees ‘eat out’ several billions of dollars every year.”
http://forklog.net/russian-business-daily-calls-russia-to-embrace-cryptocurrency/
Topic: [2016-01-28]Russian Business Daily Calls Russia to Embrace Cryptocurrency (Read 217 times)
January 28, 2016, 02:27:20 PM
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