• Through Yandex, users can now convert digital currencies such as Bitcoin, Ethereum, and Litecoin into their local currency
• Due to some sanctions that have been imposed on Russia following the Ukrainian invasion, the country has dug deeper into cryptocurrency.
• More than 5 million Russians have invested in cryptocurrencies.

Russian search engine Yandex has followed in the footsteps of Google and Bing to provide conversion rates for cryptocurrency in their search engine cryptocurrency converter. Due to some sanctions that have been imposed on Russia following the Ukrainian invasion, the country has dug deeper into cryptocurrency.

To build on the rising momentum, Yandex has added crypto conversion to their currency converter, a sign of the importance of crypto to Russia going forward. It is also a nod to the integration of cryptocurrency into the mainstream.

Yandex currency converter includes cryptocurrency

The Yandex currency converter is one of the most popular online tools for converting currencies. The Yandex converter is used by millions of people around the world to quickly and easily convert different currencies into their local currency. With the addition of cryptocurrencies, users can now convert digital currencies such as Bitcoin, Ethereum, and Litecoin into their local currency.

Yandex including cryptocurrency in its currency converter is a major development in the cryptocurrency industry. This demonstrates that cryptocurrencies are becoming more mainstream and are being recognized as a legitimate form of currency. This move is likely to encourage more people to invest in cryptocurrencies and will help to further legitimize the industry.

Russia bullish on Crypto

Yandex’s decision to add cryptocurrencies to its currency converter is also a testament to the growing interest in cryptocurrencies in Russia. While the Russian government has been somewhat hesitant to embrace cryptocurrencies, the general public has shown great interest in digital currencies. In fact, according to a survey conducted by the Russian Association of Cryptocurrencies and Blockchain, more than 5 million Russians have invested in cryptocurrencies.

Including cryptocurrencies in the Yandex currency converter will make it easier for Russian cryptocurrency investors to keep track of their cryptocurrency holdings. This will improve transparency, which is essential to improving cryptocurrency adoption. Moreover, it will make it easier for businesses in Russia to accept cryptocurrencies as a form of payment, which could help to boost the adoption of cryptocurrencies in the country.

Another important aspect of Yandex’s decision to add cryptocurrencies to its currency converter is the potential for increased global adoption of digital currencies. Yandex is a global company with a presence in many different countries. Its currency converter is used by people around the world. By adding support for cryptocurrencies, Yandex is helping to promote the use of digital currencies on a global scale.

Crypto gets another nod

The inclusion of cryptocurrencies in the Yandex currency converter also highlights the growing importance of digital currencies in the global economy. Since cryptocurrencies are increasingly being used as a store of value, a medium of exchange, and a unit of account. They are being accepted by more and more businesses, and they are becoming a legitimate alternative to traditional fiat currencies.

As more companies like Yandex begin to add support for cryptocurrencies, it is likely that the adoption of digital currencies will continue to increase. This could lead to a more decentralized global economy, where traditional financial institutions are no longer the only players in the market. Given Russia’s troubles since the conflict in Ukraine started you can see how this would be beneficial to Russia.

No crypto-to-crypto conversion

Through Yandex, users can pair a cryptocurrency with a major fiat currency and vice versa. It’s very easy to use and simply requires typing in the pair using the symbols, for example, BTCUSD or USDXRP. However, Yandex doesn’t offer is a conversion between two cryptocurrency pairs. This is similar to what Google and Bing currency converters offer. To their credit, Yandex offers Russians conversion rates for 141 cryptocurrencies to major fiat currencies.

Yandex’s decision to add support for cryptocurrencies to its currency converter is a major development in the cryptocurrency industry.  In addition, the inclusion of cryptocurrencies in the Yandex currency converter is a testament to the growing importance of digital currencies in the global economy and underscores their potential to revolutionize the way we transact and interact with money. It also underscores how Russia is doubling down on cryptocurrency.

Read: Crypto adoption: the political economy of Central Africa Republic’s bold Bitcoin ‘decision’

The full list of cryptocurrencies available on the Yandex converter;

• AAVE AAVE
• Alchemy pay ACH
• Ambire AdEx ADX
• Aeternity AE
• Algorand ALGO
• Amp AMP
• Ankr ANKR
• Aragon ANT
• Ardor ARDR
• Ark ARK
• ATBCoin ATB
• ATOM Cosmos
• AVAX Binoe Avalanche
• AXS
• Axielnfinity
• Balancer
• BAL
• BAND
• BandProtocoI
• BAT BasicAttentionToken
• BCH Bitcoin Cash
• BCN Bytecoin
• BLOCK Blocknet
• BNB Binance Coin
• BNT Bancor
• BSV BitconSV
• BTC Bitcoin
• BTG Bitcon GOLd
• BTS Bitsnares
• CEL Celsius
• CHZ ChiliZ
• CLV Clover
• COMP Compound
• COTI COTI
• CRO Cronos
• CRV curve DAO T0ken
• CTSI Cartesi
• Civic
• DAI Dai
• DASH Dash
• DCN Dentacoin
• DGB DigiByte
• DGD DigixDAO
• DNT Network
• DOGE Dogecoin
• DOT P0lkadot
• EDG Edgeware
• EGLD Elrond
• EMAID MadeSafeCoin
• ENJ EnjinCoin
• EOS Eos
• ETC Ethereum Classic
• ETH Ethereum
• ETP Metaverse ETP
• FET Fetch
• FIL FilecoinFutures
• GAME GameCredits
• GAS Gas DAO
• GBYTE OByte
• GNO Gnosis
• ICX ICON
• IOC I/O Coin
• IOTX IoTeX
• KIN Kin
• KMD Komodo
• KNC Kyber Network
• KSM Kusama
• LINK Chainlink
• LRC Loopring
• LSK Lisk
• MANA Genesis Mana
• MATIC polygon
• MCO Mco
• MGO MobileGo
• MIR Mirror Protocol
• MKR Maker
• MLN Enzyme
• MONA Monavale
• MTL Metal
• NAV NavCoan
• NEBL Neblio
• NEO NEO
• NKN NKN
• NMR Numeraire
• NU NuCypher
• NXS Nexus
• NXT NXT
• OMG Network
• OXT Orchid
• PART Particl
• PAY TenX
• PIVX PIVX
• PPT Populous
• QASH QASH
• ONT Quant
• ORL Quantum Resistant Ledger
• OTUM Qturn
• REP Augur
• RLC iExec RLC
• ROSE OasisNetwork
• SALT SALT
• SC Siacon
• SHIB SHIBA INU
• SKL SKALENetwork
• SMART SmartCash
• SNGLS SingularDTV
• SNM SONM
• SNT Supernova
• SNX SynthetixrqetworkT0ken
• SOL Solana
• SRM Serum
• STEEM Steem
• STORJ Storj
• SUB Substratum
• SUSHI Sushi
• SYS syscoin
• TRX TRON
• UBQ Ubiq
• UMA UMA
• USDC USDCoin
• IJSDT Tether
• VERI Veritaseurn
• VET VeChain
• VTC Vertcoin
• WAVES waves
• WINGS Wings
• WTC Waltonchain
• XCP Counterparty
• XDC Network
• XEM NEM
• XLM Stellar
• Monero XMR
• XNO Xeno
• XRP XRP
• XTZ Tezos
• XUC Exchange Union
• XVG Verge
• YFI Yearn finance
• ZEC Zcash
• ZEN Horizen
• ZRX Ox