Ready to pay for your morning coffee with bitcoin? One coffee shop in Moscow is one of the first in town to allow customers to use this form of payment for their espresso and croissants.
It’s important to note that Russian authorities haven’t yet defined the legal standing of bitcoin or rules revolving around it within the country. Some Russian regulators have even threatened to ban the use of bitcoin entirely.
In case you’re wondering, the coffee stand is located in the headquarters of Sberbank PJSC, the state-owned bank.
While Russia continues its back-and-forth internal debate on bitcoin, analysts say many governments have already decided that, if they ban bitcoin or any other cryptocurrency, they risk suppressing innovation and perhaps missing out on the quickly changing digital payment landscape.
Herman Gref, Sberbank’s CEO, said a year ago that he