Blockchain.com, a major cryptocurrency wallet and blockchain data provider, plans to support Russia’s national currency, the ruble (RUB). Although some big exchanges like Binance have introduced the Russian ruble, there is still no law authorizing circulation of crypto in Russia.
On May 20, Blockchain.com announced its long-term roadmap, “The next era of crypto and 1B wallets by 2030.” In a post authored by Peter Smith, Blockchain.com CEO and co-founder, the firm outlined the addition of the Russian ruble as part of its mission to grow its current user base of about 50 million crypto wallets to 1 billion accounts by 2030.
Russian users make up a “large portion” of Blockchain.com’s traffic and volume
A Blockchain.com spokesperson told Cointelegraph that the platform is expected to launch Russian ruble support in June 2020. The planned launch comes in response to an apparent demand to trade crypto from a large number of Russian users on Blockchain.com. The firm said:
“We’ll be one of only a handful of exchanges that support the Russian Ruble. Russian users already make up a large portion of our traffic and exchange volume. We’re excited to make it easier for Russian…
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Author: Helen Partz