In Moscow, green shoots of crypto adoption are starting to emerge. Indeed, of the Moscow locals who prefer non-cash payment methods such as mobile payments, 1% are using cryptocurrencies while 5% appear to be on the verge of doing so, according to Forbes, citing a study by Yandex.Money. The survey, which was also a product of the IT Department of Moscow (DIT), focused on electronic payments in Russia’s capital and canvassed 1,000 residents in September across generations via a survey by phone.

“Only 34% of [Muscow residents] try to use mostly non-cash payment methods. Of those who use them, 63% resort to non-cash transactions at least once a day,” stated Ivan Buturlin, who leads the analytical section at the DIT.”

Crypto is making its way into the Russian economy amid the budding trend toward non-cash payments, with bank cards, mobile banking, and online banking all outperforming crypto. Meanwhile, mobile payment apps like Apple Pay and Android Pay expected to play a larger role in the future. If the path for residents of Moscow, which boasts a population of approximately 12.2 million, to adopt crypto is mobile first, they have a way to go compared to jurisdictions like China, where more than three-quarters of residents access mobile payments for services like public transportation and grocery shopping, for instance.

Crypto Confusion

Meanwhile, the DIT’s Buturlin also suggested there is a confusion swirling about cryptocurrencies in Moscow, using the illustration of locals purchasing BTC on the subway. It may come down to a lack of education not only about crypto but also digital payments more broadly. Meanwhile, cryptocurrency transactions are not prohibited in Russia, but it’s not that straightforward. The country does not consider cryptocurrencies legal tender, so residents can’t exchange them for their local currency, the ruble.

Despite the growing interest in crypto, the overall results reflect a reluctance on the part of locals to adopt digital payments, with 40% of those polled expressing a lack of trust in non-cash payments. Approximately one-fifth of those surveyed associate digital payments with higher fees, which the decentralized nature of cryptocurrencies and the blockchain avoids. Sources cited in the Forbes article suggest there needs to be a shift in perception in order for the adoption of non-cash payments to take off.

Russia’s government is in the process of moving a crypto law through Parliament, legislation that according to reports falls short of nurturing blockchain innovation in the country. Meanwhile, the head of Russia’s central bank believes that bitcoin fever is waning.

This post is credited to ccn

The government of Austria is supporting a U.K. cancer research company using blockchain to detect the disease. The government’s support comes as part of its drive to promote the technology, a press release shared with Cointelegraph confirms Nov. 10.

Lancor Scientific, which has developed a device to detect multiple cancer types and record screening results with smart contracts on blockchain, plans to open a research laboratory in the city of Graz.

Like Google’s Lymph Node Assistant, the cancer screening tool released in October using artificial intelligence (AI), Lancor Scientific’s offering aims for 90 percent accuracy.

Lancor will additionally work with local universities including the Technical University of Graz, the Medical University of Graz, and the Sigmund Freud University Vienna on international research projects, the press release states.

Commenting on the testing of blockchain implementations in the Austrian government, Austria’s minister of foreign affairs Margarete Schramböck highlighted blockchain as an area of considerable interest at state level.

“Blockchain is definitely one of the new important technologies,” she said, adding:

“In addition to Artificial Intelligence and Speech Recognition, it is one of the big issues we want to highlight in the coming period of the EU Presidency.”

The press release notes that the Austrian government will give Lancor Scientific grants over a five-year period for facilities, “research equipment, access to academic expertise and clinical trials management.”

Austria has traditionally sought to foster both blockchain and cryptocurrency innovation by remaining open to experimentation in legislation.

The capital, Vienna, has seen various attempts to broaden public awareness of the phenomenon including a “cryptocurrency bank” in 2017.

Earlier this month, neighboring Germany’s shift in stance over Bitcoin (BTC) saw a Munich-based casino ship in the country’s first Bitcoin ATM in several years over the border from Austria.

Meanwhile in September, the government moved to issue $1.35 billion in bonds on the Ethereum (ETH) blockchain.

This post is credit to cointelegraph