Whenever a Russian platform or business starts accepting Bitcoin payments, there is a lot of surprise and excitement flowing through the digital currency community. Given the love-hate relationship between Bitcoin and Russia, accepting digital currency payments seems to be rather risky. But that isn’t keeping the OOOPay payment system from embracing Bitcoin right now, which allows users to receive and display balances in BTC.
Also read: Bit X Review Russian Citizens Force OOOPay To Accept Bitcoin
Keeping in mind how OOOPay is one of the primary online payment platforms in Russia, this new is rather significant regarding the future of digital currency in the country. Getting the unexpected support from such a large payment processor is another notch in the belt of Bitcoin and its community, who see more legitimacy added to the popular digital currency.
What is even more significant is how so many OOOPay customers asked the company to integrate Bitcoin payments sooner rather than later. Russia does not like Bitcoin, and government officials are considering to make Bitcoin activities punishable by law, whereas convicted users can face a jail sentence of up to seven years.
Despite all of these potential drawbacks, OOOPay prides itself on adding new and innovative payment solution to their platform when an opportune chance presents itself. Plus, the company issues their own MasterCard-branded debit cards to their users, although it remains unknown as to whether or not Bitcoin can be used for this medium as well.
When it comes to exchanging cash or other forms of payment online in Russia, OOOPay is among the market leaders together with Webmoney . Both companies allow residents to quickly move funds around the country, as well as send funds across country borders [albeit in very limited fashion].
Moreover, there are various ways to exchange between OOOPay or […]
