A beautiful fairy tale from Qiwi?

The large Russian payment company Qiwi has become a pioneer in the development of blockchain in its country, with its CEO and main shareholder Sergei Solonin playing a major role in this. According to Rubase, the reason why he is so interested in cryptocurrencies recently became clear during his lecture at the Moscow School of Communication.

According to Solonin, in 2011 he learned that his company's computers were used to mine 500,000 bitcoins. At the time, he knew nothing about cryptocurrencies, let alone mining. The head of security told him that the computers were working during the night. After three months of investigation, he managed to find out that his chief technical director allegedly mined 500,000 coins in three months, at that time their value was about $5 million, at the moment this amount of bitcoins is worth billions of dollars.

When Solonin demanded that the director explain himself and compensate for the losses, he quit. After this, Solonin assembled a team and instructed them to use all computer terminals to mine Bitcoin. He was able to recover some data that the former employee had deleted, but was unable to recover the bitcoins that were later lost.

After these events, Solonin became a cryptocurrency investor. Currently, his company also sells mining devices. 

At the moment, Qiwi is focused on AI and the study of blockchain. Solonin suggests that using this technology it will be possible to store extensive data on blocks, for example, medical data, which will significantly increase life expectancy. AI will be able to more accurately find the relationship between what a person eats and his illnesses than doctors. 

According to him, cryptocurrencies are 100% effective and will continue to be so, but it is not necessary that many people will use them as a means of storage and payment. What is needed for this is a fast and reliable cryptocurrency.


The company recently opened the first crypto-investment bank in Russia.

According to ccn.com