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Bitcoin Price Could Be In For A Boost As World Cup Fans Descend On Russia
The Russia World Cup will get underway in two weeks' time with the hosts taking on Saudi Arabia on June 14, and the Bitcoin price could be in for a boost as football fans descend on the country. Digital payments in Russia have become fraught in recent years, with U.S. payment giants Visa and MasterCard blocking credit card services to some Russian bank customers as a result of U.S. sanctions back in 2014. While the pair have since developed a way around the sanctions (and today process some 90% of all transactions in the country), there is still plenty of friction when it comes to digital payments. Last year Visa and MasterCard were blocked from Fintech, the Russian center for new financial technology as the Kremlin works on its own domestic payment system, Mir. Now some have turned to Bitcoin and cryptocurrencies to pay their way to the Russia World Cup (interestingly, you were able to bet on the 2014 Brazil World Cup using Bitcoin). It was revealed in May some hotels in the
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