Crash of exchange business on the Runet. How can exchangers make money now?

 As long as a huge part of ecurrency exchange services roots in Russian speaking Internet or, at least, originates from people of CIS (a post soviet nations block), hence any event at the ecurrency exchange market in Russia immediately impacts exchange industry in the world. This is well illustrated by the turmoil at the market of exchange between WebMoney and Yandex Money, a subsidiary of the popular Russian search engine Yandex.

The stir was caused by the announcement made by WebMoney who had officially banned any exchange operations related to converting WM currency into Yandex Money and vice versa. Many analysts interpret this action as a move to monopolize the market and force out its rivals. However, in the upshot this will lead to the crash of the exchange market which is especially crucial for small and medium players inasmuch as they lost incoming flow of the most spread ecurrencies on the Runet.

“So, what will be the next?” our readers may ask. You are not the only people who want to know the answer because this question concerns all of those who lost their income that came from ecurrency exchange. In this connection Internet businesses will have to search for another exchange market, such a market where they will have an incoming flow and guaranteed turnovers. Which ecurrencies can become a new exchange business for those who suffered losses as a result of WebMoney decision to stop exchange its units into Yandex Money? Obviously, these are Liberty Reserve and Perfect Money, one of the most popular ecurrencies on the Internet today. It is them, Perfect Money and Liberty Reserve who bear the palm when it comes to turnovers at the exchangers after WebMoney.

What is in the summary? It appears that the exchange market is unlikely to crash, instead it will adapt to the modern trends and move into the niche of exchange between Liberty Reserve and Perfect Money. Even today the remains of Liberty Reserve and Perfect Money at the largest exchangers exceed $50,000, hence in a short time many small services will join them and following the competent business course they will be able to make more profits on exchange between Perfect Money and Liberty Reserve than they did on WebMoney.