Topic: Russia 2018, another turning-point to the Crypto-community? - page 4. (Read 1452 times)
Why not? I think Russia has already played great role to inspire many other countries to adopt crypto currency. Moreover, there are many big companies which have accepted crypto currency to deal with it. The number will increase in future gradually.
Its good news for crypto users also Russia accepted crypto currency before because of its usefulness also this world cup Russia may income lots of tourism profit and this may help to their increase salary also their hotels , motels accept this and this may help to their customers also its easy to use.
I think they spent more money than gain. And much of it will fall in politiks and oligarch pokets. Thats how business do in russia. And many of them even didnt know what bicoin is and where to use it.
if russia wants, can use this chance so smarlty by adding crypto currency in hotels, restaurants, bars, night clubs, camping sites, tourists sites etc. so what people froem all over the world will come in touch of cryptos, and they will learn about it, and crypto fever would sperade more.
Russia 2018, may be another turning-point of the crypto-community. FIFA is going to be hosting a big tournament in Russia. And as long as it is legitimate in Russia, it is legitimate. So this will have an impact on its debt through FIFA. Bitcoin demand and usage and exchange will increase.
I believe it too .somehow this event could be another way to promote cryptocurrency currency.since Russia accepted bitcoin..the event will be great help to the community ..
This will only be possible if owners of hotels, restaurants, shopping mall etc are cryptocurrency oriented. You will be surprised to realize that most of those people may not accept Bitcoin.
maybe this will be very interesting, where the current price of crypto is down. could be with a grand show that will be in russia later, will support the movement of crypto to fly up.
Generally large-scale sports events will have sports events quiz!
Many gambling groups will circulate funds through cryptocurrency!
This will cause the growth of cryptocurrency!
Many gambling groups will circulate funds through cryptocurrency!
This will cause the growth of cryptocurrency!
First, Russia is not "crypto-progressive", in fact their government was very critical towards cryptocurrencies in the recent years, and many officials were calling for bans. It may be possible that they will actually ban most cryptocurrencies in the future and will only allow "tame" cryptocurrencies like Ethereum.
There will be no massive adoption or use during the world cup, people would still be using fiat because it will be more convenient and faster. Cryptocurrencies are accepted only in few places, users need to usually wait at least a few minutes to get confirmations, merchants might be afraid about volatility and unclear legal status and so on - there are many obstacles and the benefits are not worth it for most people.
There will be no massive adoption or use during the world cup, people would still be using fiat because it will be more convenient and faster. Cryptocurrencies are accepted only in few places, users need to usually wait at least a few minutes to get confirmations, merchants might be afraid about volatility and unclear legal status and so on - there are many obstacles and the benefits are not worth it for most people.
this is good information, I predict this will make the crypto world create a bullish market. FIFA world cup payment will receive crypto.
and, I think that the world has slowly acknowledged the existence and existence of cryptocurrency.
and, I think that the world has slowly acknowledged the existence and existence of cryptocurrency.
Thanks @stompix, @dothebeats, @Argoo, @Svetlazara, etc for doing due diligence to this topic. I must say that i have been educated today. Thanks once more.
Yes Russia world cup fifa 2018 is a great opportunity to communicate bitcoin. Have a better chance if advertising through football ⚽ world cup. World people easily realise the value of Bitcoin.
Of course Russia is one of most crypto currency believer so there's nothing possible for bitcoin gain again their price because of help of that's fiba event, hoping in the middle of the event bitcoin price including altcoins are slightly increase into the coinmarketcap, excitement to seen in the flow chart because of fiba event held in Russian crypto currency gain their popularity in the world not only their price.
It sure could be but I doubt any real rise will come of it. Maybe some people will use cryptos but I doubt it will cause a huge flair in crypto usage. I think the Olympics would be a better suited venue to increase awareness.
The world cup is far bigger than the Olympics, so why do you prefer that event to the world cup? Lets consider the country that will host it too, is crypto accepted in that country? I agree with you that the change may not be significant, but if there should be an event that will bring a change, then it should be the world cup. 
Russia is definitely not a crypto-friendly country. Very recently, the Russian government is targeting ICOs and are trying to eliminate the spread of bitcoin usage stating that it mght cause some negative effects to their citizens. On a side note, they are looking to develop their own crypto which seems to be ironic on their stance against cryptocurrencies. Anyway, in regards to the FIFA world cup, most attendees are only there for the matches, and the very little crypto usage migt take place. It is indeed a big event but not the right one to inform the public about cryptocurrencies.
I suspect there will be an increase in prediction market products launching before WorldCup so that one can start betting on football matches with crypto. Although not sure how this add to the image of crypto if real life usage is gambling and porn.
Meanwhile, in Russia there are only a few days before the adoption of the long-awaited documents in the innovative digital sphere. Already in the coming Tuesday, May 22, the first reading of the draft laws on crypto currency and crowdfunding will take place in the State Duma. In the first document, the notion of a "digital field" is fixed, the second is devoted to crowdfinding, and the third determines the general conditions for organizing the initial placement of coins (ICO) and the turnover of Fiats.
I don't think so.
Maybe it would mean something for the mass adoption of crypto if they hand out the rewards in BTC instead of $ or Eur.
Maybe it would mean something for the mass adoption of crypto if they hand out the rewards in BTC instead of $ or Eur.
if those mentioned hotels bars and other places are the ones who attract tourists and have a sign there about crypto then definitely it will help the crypto community to grow more and become acceptable as there are so many tourist and the most importatn thing they are not poor.
I do not think that the World Cup in Russia will somehow significantly influence the spread of crypto-currencies in this country. We should not forget that while in Russia there are no regulatory legal acts on the regulation of the crypto currency and in general, although the definition of its status, and in its State Duma there are several controversial bills, including the establishment of criminal liability for the use of crypto currency as a means of payment. Therefore, it is unlikely that bitcoin and other types of crypto currency will be used very widely. If it does, it will be isolated cases.
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