{"id":71750,"date":"2017-08-07T02:42:22","date_gmt":"2017-08-07T09:42:22","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2017\/08\/russias-banks-get-serious-about-digital-currencies"},"modified":"2017-08-26T20:32:39","modified_gmt":"2017-08-27T03:32:39","slug":"russias-banks-get-serious-about-digital-currencies","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2017\/08\/russias-banks-get-serious-about-digital-currencies","title":{"rendered":"Russia\u2019s Banks Get Serious About Digital Currencies"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/russias-banks-get-serious-about-digital-currencies.gif\"><\/a><\/p>\n<p>With Russia looking to cure its economy of a hydrocarbon addiction, a consortium of the country\u2019s biggest banks is proposing that it explores a different kind of gas for the answer.<\/p>\n<p>The lenders, including Sberbank PJSC and VTB Group, aren\u2019t developing gas of the natural variety. It\u2019s also the name of a virtual unit based on the blockchain of ethereum, the world\u2019s biggest cryptocurrency after bitcoin. The banks are hoping that by adopting the technology they will make payments safer and faster, while thrusting Russia to the forefront of a trend that\u2019s transforming the financial industry.<\/p>\n<p><!-- Link: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-01\/russia-s-banks-prepare-to-hit-the-gas-on-digital-currency-use\">https:\/\/www.bloomberg.com\/news\/articles\/2017&#45;08&#45;01\/r...rrency-use<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Russia looking to cure its economy of a hydrocarbon addiction, a consortium of the country\u2019s biggest banks is proposing that it explores a different kind of gas for the answer. The lenders, including Sberbank PJSC and VTB Group, aren\u2019t developing gas of the natural variety. It\u2019s also the name of a virtual unit based [\u2026]<\/p>\n","protected":false},"author":417,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,1761,39,45],"tags":[],"class_list":["post-71750","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cryptocurrencies","category-economics","category-finance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/71750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=71750"}],"version-history":[{"count":1,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/71750\/revisions"}],"predecessor-version":[{"id":72197,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/71750\/revisions\/72197"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=71750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=71750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=71750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}