WebMoney Launches Bitcoin Purse WMX

Russian electronic payment solutions provider, WebMoney, has recently launche a bitcoin based purse, WMX. The bitcoin purse joins electronic wallets that are based on the values of US dollars, euros, Russian rubles, and Gold. The payment provider is popular among Russians and is often the featured solutions for customers from that region using gaming and Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term websites.

WebMoney operates with users opening and funding purses in an underlying currency. Once funded, customers can transfer funds to other account holders and participating mechants, with WebMoney settling the payment along with its bank partners. WebMoney itself only supports the funding and transferring of single currency Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, IE from a Gold based purse to another Gold based purse. For cross currency transactions, WebMoney offers services with Internet Direct eXchange (INDX.ru). According to WebMoney, for bitcoin purses, INDX acts as the middle man in regards to “keeping and transferring” owndership rights. Thereby, through the service, WMX purse holders have access to WebMoney’s participating merchant system.

The question though is what is the future of WebMoney after the weekend news that LibertyReserve was shutdown. With that payment provider coming under pressure due to anti money laundering worries, it also puts WebMoney’s network under the same spotlight.