Yandex Considers Integrating Bitcoin

The Russian internet giant Yandex has said it is interested in integrating the virtual currency Bitcoin into its online payment service Yandex.Money. Yandex.Money is a popular online payment system in Russia, where it has over 22 million users, and around 12,000 new users joining every day. With Bitcoin currently illegal in Russia, however, Yandex has said it will wait for the Russian government to decriminalise the virtual currency before integrating it into its system. Yandex is not the only online company to announce an interest in integrating Bitcoin in recent months. In April, the hugely popular Latin American social network Taringa! Integrated Bitcoin, with the Japanese Q&A site OKwave and ecommerce site Rakuten following suit in later months. 
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