The two most popular social media platforms in Russia, Vkontakte and Odnoklassniki, announced that they have received payments via the cryptographic platform. This announcement adds to the bustling list of Bitcoin adoption as a method of payment.
Vkontakte (VK) and Odnoklassniki are the most popular social media among Russian-speaking users, who have millions of users in countries of the former Soviet Union. Both have adopted Bitcoin from the advertiser. In addition, they also intend to start paying workers, developers, and partners in crypto value units.
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Vkontakte or also known as Incontact is the most popular social media in Russia. This social media is well-known among Russian users worldwide. It is ranked 18th in the Top 500 Alexa, social networking site is also the most visited sites in Belarus, Kazakhstan, Moldova, Estonnia, Latvia, and Ukraine. The platform has more than 470 million accounts, with revenues of 14 billion rubles (250 million USD) by 2017.
Payment via Bitcoin Classic (BTC) and Bitcoin Cash (BCH) is acceptable to the platform. In cooperation with Mytarget, a crypto transaction will pass through a subsidiary of My.com, Mail.ru, and will be processed by a paid payment service provider in the US, Bitpay.For now, application developers and related platforms still receive payouts in fiat currency. However, Bitcoin adoption plan as payment media will be realized in the near future.
The new Odnoklassniki was built by Russian businessman, Pavel Durov, in 2006. Odnoklassniki or Classmates are also popular in Russia and some other former Soviet countries, such as Uzbekistan and Kyrgyztan.
Recognized From The Security And Privacy Side
Russian internet company that oversees Vkontakte and Odnoklassniki also handles Mail.ru email service. In its statement, Mail.ru stated, "Mail.ru Group has expanded the use of 2 popular crypto (BTC and BCH) .The company will introduce easy payment transaction methods for those who have done business in cryptography".
In a cointelegraph interview session, Yury Ivanov, Head of Public Relations of Vkontakte revealed that, "We all know Bitcoin adoption is currently mostly done in illegal transactions such as arms sales, drugs, etc. But when viewed in terms of security and privacy , Bitcoin is the king ".
The adoption of Bitcoin as a method of payment is actually considered to be still worrying. It is also ironic, given Russia has recently reportedly blocked dozens of crypto sites.