[2015-11-29] Russians embrace Bitcoins, the West sticks with PayPal

[LiteCoinGuy]

Russians embrace Bitcoins, the West sticks with PayPal

One day, as you’re busy surfing on one of your favorite online stores, you stumble upon a pair of chic shades … they’re the very ones you’ve been looking for, for quite some time. And that’s not it. Best of all, they are really cheap. So you add the sunglasses to your shopping cart, proceed to payment and choose to pay … wait for it … with Bitcoins. Sounds like some techie’s fantasy? It’s not − at least for 6.9% of Russians, who are opting to use the cryptocurrency ever since their country’s financial system has come under pressure.

http://www.welivesecurity.com/2015/11/2 ... nt-trends/

[creationlayer]

Russia and Ukraine are core to Cryptocurrency, unfortunately most of the mainstream press focuses on cryptolocker or other schemes. It's good to hear anything positive about Russia and Bitcoin.

I like how PayPal is still considered "novel type of payment." This shows we have ways to go, to get people aware of technology. The statistic "In the US almost every fourth user (24.65%) has experienced a security incident when shopping online" further shows that using Credit Cards, where data is stored, and services like paypal with chargeback are a real pain point for consumers.

Very impressive statistics for Russia. What happened to RUB truly was a catastrophe for the public.