National crypto currency in Russia

In Russia, separate projects have been launched to test the national crypto currency. This in an interview with "Izvestia" told the Minister of Industry and Trade Denis Manturov.

He said that Russia is starting to create its own virtual currency in a timely manner.

So far, virtual money occupies a very small niche in the market. The same bitcoin does not find universal application, its use is rather exotic. At the same time, the crypto currency can potentially gain popularity: it is convenient for use in electronic commerce and significantly increases the speed of transactions.

The issue is being studied in the Central Bank, in addition, separate pilot projects have been launched to test the national virtual currency.

While the volume of the currency and the number of transactions in the total money supply is at the level of error and incommensurable with real money, it is difficult to assess their impact on trade. But, I think, in the future the significance of the crypto currency will obviously increase.